Gold Futures Contract breaks past $1,800, First time since 2012

The most active gold futures contract pierced above $1,800 an ounce for the first time since 2012 on Tuesday during NY Trading:

Gold closed the second quarter out with a gain of nearly 13% with silver up nearly 32%. Mining stocks saw significantly higher gains. June-30th’s gold price breakout now takes gold back near to all-time record non-inflation adjusted highs from 2011, around $1935 an ounce:

By the close, the gold futures price is hover a dollar or two below $1,800:

With $1,800 Gold, the value of the US Dollar falls further, reflecting the growing debasement:

Image

SOURCE: GoldReview – Read entire story here.