CHARTS: Gold price poised to break bear trend

Kharmagtai now boasts 790 million tonnes of indicated material containing 2.1 million tonnes of copper and 5.6 million ounces of gold.

Traders love chasing upside momentum, and the financial media’s enthusiastic coverage of new records returns gold to their radars.

The latest US labour report showing an accelerated job growth for the month of November and a 3.7% decline in unemployment rate.

The WGC sees heightened geopolitical tensions plus continued central bank buying providing additional support for gold.