Go Go Gold...

Gold managed to climb higher than $588, broken $590 after Asian market and staying at $594 after making a day high of $596.

Breaking $600 is basically no problem, next target $650, $700, still possible to push even further ? I have no idea, and it really depends on the big investers how much they want to earn.

General speaking, the demand for gold keep increasing especially from China and India, and the growth of inventory (+1.3% each year) is never enough to satisfy the supply. This supports the raise of Gold price.

Also, Gold price trend is often going in opposite side to USD. After the interest hike, USD is very likely to start bear, then another surge on Gold is very possible.