Demand related to inflation and safe-haven fears has been driving gold. I particularly believe numerous gold traders are watching the Iranian situation with great interest, since it has both inflationary and safe haven implications.

Daniel Vaught

Driving Gold Inflation

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Oil prices and continued inflammatory comments from Iran are driving gold.

— Daniel Vaught

We're seeing an increasing amount of capital in the commodities market in general and gold in particular.

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New buying comes in virtually every time gold turns around.

— Daniel Vaught

The gold market held its ground. That it stayed well above $600 in the face of the silver sell-off convinced investors that it's still involved in a bull market.

— Daniel Vaught

The gold market is basically struggling to decisively overcome the $600 level. Until we see that, we may see some indecision on the part of traders on how to handle the market.