Saturday 24, August 2013 by Gerhard Schubert

Precious Metals Report: Gold rallies on mixed US economic figures

Gold prices have continued to move higher, with the disappointing New Home Sales numbers out of the US, being the catalyst for the rally seen last Friday. The disappointing numbers from Friday, plus the worse than expected weekly jobless claims, foster the belief in some quarters that the end to QE3 as we know it, might not be set in stone yet.