Gold unstoppable, rises above $1,320

FXStreet (Córdoba) - Gold is having the best day since September rising more than $40 in the last 10 hours; recently printed a fresh high at $1,321.50 reaching levels not seen since April 15. Currently XAU/USD trades at $1,317 after having started the day at $1,278.

The yellow metal extended gains during the American session, despite a relative calm in the currency market and a modest recovery of the US dollar.

The value of the ounce is about to close sharply higher and above May highs. From June lows it has risen now more than $80, after rebounding from $1,240.