Gold is due a correction – but then it will hit $1,400

Gold has pushed to above $1,000 an ounce and has a lot further to go yet. But beware. Despite the highs, there are signs pointing to a fall over the next few weeks. Dominic Frisby explains.

Gold closed last week above $1,000 an ounce, its highest ever weekly close. Yet who was reporting this fact in the Sunday papers?

I was reading The Telegraph, whose financial coverage is generally ahead of the curve compared to the other broadsheets. I was delighted to see that, far from being on the front pages, gold's milestone got barely a passing mention.

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