Gold price remains close to record high
The spot gold price stays close to Tuesday’s $2,531.00 per troy ounce record high while being supported by the psychological $2,500.00 level and the tentative August trend line at $2,481.00.
Further, more significant, support sits between the $2,469.00 mid-July high and the $2,445.00-to-$2,480.00 early to mid-August highs. While it holds, spot gold will likely continue to target the $2,550.00 region.
