The spot price of gold climbed over the $5,000 mark for the first time in futures trading on Jan. 25. The move is psychologically important and hits the “big number” that many analysts have been predicting.
Many analysts believe gold is poised to rise much higher. However, many of those same analysts concede that this move to over $5,000 has come faster than expected. That means there could be a pullback before gold charges higher.
