Gold is back above the key $1 800 mark with further gains ahead By Dineo Faku Share JOHANNESBURG - GOLD WAS BACK above the psychological $1 800 (R25 280) mark for the first time since February last week and was set to register further gains, analysts said on Friday. The gold price ended trade at $1 831 an ounce, 0.93 percent higher than $1 814 an ounce on Friday on a softer US dollar and a pullback in Treasury yields. A market analyst at global online trading firm FXTM, Han Tan, said the precious metal’s climb had been helped since April by stabilising Treasury yields, which in turn had led to a moderating US dollar, noting the inverse relationship between gold and the greenback. “The metal is now up around 8 percent over the past two months, since it registered its year-todate low on March 8, and has broken above its 100-day simple moving average,” Tan said.