Alert 13:25 (Est) ACM Precious Metals Analysis: Gold Charges Forward in Line with Rising Oil

nflationary pressure is looming as commodity prices tell a different story than CPI data. Crude oil managed to break the $60bbl level, and gold surged back to $926oz from a previous close of $918oz. The inverse relationship between the dollar and gold becomes increasingly apparent as the financial markets take a slow crawl towards stabilization. The fundamental trend we are seeing should persists despite some technical pullbacks along the way, it is very plausible to see gold reach $950oz over the next 6 months. The absence of safe-haven flows may disrupt a bit of the current support behind gold, but the price should prevail as these inflows will be replaced by Traders looking for cheaper instruments to thwart inflation as TIPS look rich at current levels.
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.