Gold made a new high above US$3060 earlier, now its above $3070

Gold continues to rise,

• strong demand from Asian central banks
• and other central banks

is supporting the price, along with those seeing comfort from rising geopolitical risks.

I posted yesterday on Goldman Sachs’ forecast – its one of the loftiest I have seen.

China has been one of the big buyers.

This article was written by Eamonn Sheridan at www.forexlive.com.