Gold Price hits new record highs in Swiss Francs and Euros
The gold price had a very impressive turnaround yesterday. After getting as low as $1752 gold turned on a dime and shot up over 1.5% to over $1780 on the back of some very poor data out of the US. This morning there has been some good follow through getting as high as $1783.
But it is in the other currencies where gold is really shining.
In Swiss Francs the gold price got as high as CHF1670 – a new intra-day all time high. Up 14% on the year.
In €s there was a similar story with gold making fresh new all time highs, getting as high as €1380.
This morning gold has touch the £1100 level for the first time since February 2012 and is now up 10% for the year.
This is also the last trading day of the month and if gold can close around these levels then it sets up a very bullish looking last 3 months of the year.
As long as gold closes above $1748 this month it will be the second highest monthly close in golds history priced in $s.
And the monthly charts for CHF and €s speak for themselves:
Gold € (monthly):
Gold CHF (monthly):
Now, just where was that bear market again?
- Gold price hits new record high in Euros
- Can the gold price in Euros close at all time monthly highs today?
- As Utah adopts gold standard gold nears record highs in pounds and euros
- Gold price only 6% away from making all time highs in Euros
- Gold Bullion Hits Record Highs
Link to this article: : http://www.goldmadesimplenews.com/gold/gold-price-hits-new-record-highs-in-swiss-francs-and-euros-8167/