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Gold breaks $1,800 level for first time since 2011

  • Up a bit more than 1% today, gold (XAUUSD:CUR) is changing hands at a few cents over $1.8K per ounce.
  • The metal last traded above that level in 2011, and bulls are hoping history doesn't repeat. The cross over $1.8K then was roughly the peak of a major, multi-year run higher. Four years later, gold had fallen to just above $1.1K.
  • For H1 of this year, gold has risen from about $1,525 to $1,800, or 18%.
  • Related ETFs: GLD, IAU, PHYS, UGLD, SGOL, BAR, UGL
  • The SPDR Gold Trust - New highs in store?

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