Gold Price Has New Targets: Ceiling At $1,500, Hard Floor At $1,350 — ScotiabankBy Kitco Newsn (Kitco News) – A major macro shift has triggered gold’s breakout in June, which has led to the metal’s “cyclical repricing” with the new ceiling set at $1,500 an ounce and a new hard floor at $1,350, according to Scotiabank.