Gold price at over $1,400.

I couldn’t resist grabbing this screen shot.

I have been wondering whether, or when the price of gold would break the $1,400 barrier.

Yes, there is a “barrier”. Breaking that round number takes some doing. Perhaps it shouldn’t be any different from breaking the $1,397 barrier – but it is.

Sentiment and psychology always play a significant part in setting the price of gold.

Will the price remain over $1,400?

That remains to be seen. Round figures also tend to trigger selling sprees, which could cause the price to fall again soon.

But now the barrier has been broken, even if we see some sell-off and a fall in price, it will now be much easier to regain this level and keep rising.