Mark O Byrne and Gold Core

Gold futures: The metal also ended at its highest settlement since June 19, 2015, when gold finished at $1,201.90, according to Market Watch. Gold futures have now gained roughly 13% year to date. ‘Gold was like a beach ball that had been pushed too low in the water and is now bouncing higher with a vengeance.’ Mark O’Byrne, Gold Core Gold was like a beach ball that had been pushed too low in the water and is now bouncing higher with a vengeance, Mark O’Byrne, research director at Dublin-based Gold Core, told Market Watch. April gold GCJ6, -0.65% jumped $40.20, or 3.5%, to settle at $1,197.90 an ounce to register its best single-session point and percentage gain since December 2014. But prices have climbed by more than 12% higher in just 5 weeks so a correction is quite possible and may take place when gold reaches $1,200 per ounce. We believe we are and gold fundamentals and technicals look better and better, said O’Byrne. He says a correction is likely on tap, but the more important question is whether gold has bottomed and we are in a new bull market. (news.financializer.com). As reported in the news.