Gold breaks $3000 level, will the rise continue?

What is driving the price of gold? Demand from China? Safe haven from chaos? Will gold keep rising, or will it retreat?

My gold mining stocks are following along and doing pretty well.

 

Low CPI and PPI increase the chances of a rate cut next week which usually sends gold flying through the roof

 

and we haven't cracked 3000 just yet.
Current price 2984

 

https://www.cnbc.com/

Reporting 3001 right now.

 

They seem to be wrong.

Either that or my broker is giving me a $14 discount

 

As are many other brokers

FXCM


Oanda


IC markets

 

I stand corrected

 

It is amazing what a few years can do to a commodity.

Two years ago Gold could never maintain a floor above the 2K mark. Then all of a sudden it poked though and could not fall below it.

Now here we are breaking 3K. Only a matter of time now before 3K becomes the new floor.

 

I keep selling Gold/hedged and Copper.
Since bullish on Silver.

 

Isn't gold the refuge commodity? If refuge is ever needed it's now.