Gold stayed more or less steady as the session and week neared an end. Spot gold was down, but the April futures contract was up.

While fundamental analysis is necessarily confined by events (including rumors, fears and passing asteroids), the good news in gold is that it continues to show a life of its own beyond acting as a safe haven.

Gold’s solid, if modest, rise today is significant not only because of technical factors that will be discussed in today’s video, but because the yellow precious metal showed fundamental strength in the face of very strong up-moves in equities and crude oil