Ross Norman Gold Quotations

Were it not for that we might have expected gold to be $10 or even $15 higher than it currently is.

Oil has come off over the last few days and I suspect the current slight weakness in gold is a small reflection on that.

Gold has lagged behind what many analysts had expected or hoped given the prevailing dollar weakness, ... Gold has seen some liquidation, from one fund in particular, and I suspect that is still weighing on the market.

There is a feeling in the market that the gold price will test the seventeen-and-a-half year high of $475.90 this afternoon and if successful then we'd probably aim for or hit the $480 level sometime next week. If the market fails to breach $475.90 today then I'd say we'll keep trying next week.

The dollar is only down a tad, so it is looking like a pure gold move.

We had a big shakeout in recent days. There was something of a bear trap at the end of August when gold dipped briefly below $430/oz before finding support from physical buying.