The price of gold has broken a 40-month uptrend, writes Peter Brandt, who reckons a close below...

|By:, SA News Editor

The price of gold has broken a 40-month uptrend, writes Peter Brandt, who reckons a close below $1,500 could signal another $250 move down in the metal. On the other hand, a close above $1,585 could indicate support will hold for the time being. The yellow metal today, -0.6% to $1,541.oz.