Gold futures rise for the eighth straight session and are poised for gain of roughly 4% for the week on a combination of physical demand and economic jitters. Holdings in the world’s largest gold-backed exchange-traded fund rise.

Predicting a pullback

Some analysts predicted that gold will soon see a pullback in prices.

Aslam expects prices to fall back below $1,300 at some stage next week.

“The resistance of $1,327 and $1,355 are imposing a threat for the price,” he said, and if prices go above the $1,400 mark, “demand may start fading for a while.” – full article HERE