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"Bigger trigger" needed to get gold over $1,380

Gold will struggle to break the US$1,380 per ounce “ceiling” without a major global trigger, Saxo Bank commodity strategy chief Ole Hansen says.

"Bigger trigger" needed to get gold over $1,380 "Bigger trigger" needed to get gold over $1,380 "Bigger trigger" needed to get gold over $1,380 "Bigger trigger" needed to get gold over $1,380 "Bigger trigger" needed to get gold over $1,380

When it rains it pours: global disaster could spur gold up above $1,380/oz

That level has been the limit for the past four years and, despite current political risk coming from the US, it will remain hard to break.

Hansen told a briefing in London this week gol...