August Gold Soaring

August gold is soaring this morning, gaining more than $20 an ounce to cross $1,530 an ounce, which is a key mark for technical traders. At last check, the August contract was up $21.20 an ounce to $1,533.90. One related ETF is the SPDR Gold Trust ETF

, which is up $1.74 to $149.37, a gain of 1.2% on 8.8 million shares.