Gold jumps $7 to $1227
Gold just made a quick move to $1227 from $1220 as it ran stops above Monday and Thursday's highs.
There has been a growing demand for bonds and gold as oil prices break below last week's low. Month-end flows are also likely part of the equation.
The main near-term feature on the gold chart remains last Wednesday's $30 drop. There isn't much near-term resistance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.