Gold prices in sights of 1600 barrier

The US winter, which was the 20th warmest on record (according to National Oceanic and Atmospheric Administration), is now expected to grow colder later this month – which lifted natural gas prices for the third consecutive day yesterday to a 3-month high. The national average regular unleaded price is around $3.70/gallon at the moment, off the recent highs of $3.79/gallon but still materially higher versus the lows of $3.22/gallon seen halfway through December of last year.