Gold is breaking out of a falling wedge pattern, according to Saxo Bank Technical Analyst, Kim Cramer Larsson. He says it's not inconceivable that we get to USD 750 by the end of the year.
The precious metal edged lower again on Monday; it's close to a six year low. A stronger dollar and concerns about an interest rate rise in the States are just two reasons why gold's out of favour with many investors.