the spot gold price

Spot Gold Price Monthly Chart 16 July 2010

With spot gold prices on the daily gold chart continuing to move sideways and failing to respond to yesterday’s dramatic fall in the US dollar we can only look to the monthly chart where, for the time being, the outlook remains positive as the spot gold price continues well above all the moving averages.  Until we see a clear signal that this longer term trend is set to reverse the outlook must remain firmly bullish.

Gold Price steadies as outlook on USD uncertain