This post was originally published on this site.
Precious metals and technology company Heraeus Precious Metals says gold has remained under pressure as continued tensions in the Middle East push oil prices higher. In its latest ‘Precious Appraisal’, Heraeus notes that the gold price has remained well below its recently broken $4 250/oz support, while the dollar has strengthened and Brent crude has stayed comfortably above $100/bl.
