Gold and prices ended the day solidly up and scored four-month highs. The markets were boosted by slowly improving technical pictures. Gold saw increasing safe-haven demand amid geopolitical concerns, gold still continues to be seen as a safe trade. The situation in the Ukraine remains critical. If violence escalates in Ukraine, much more risk aversion would enter the market place. Federal Reserve official will speak today at 5.00PM GMT on U.S economic outlook where trader will be listening carefully. Today Gold has support of 1320.00 and resistance of 1350.00
February 26, 2014 – Commodities News
Hot Asset For Today: Gold
Gold and prices ended the day solidly up and scored four-month highs. The markets were boosted by slowly improving technical pictures. Gold saw increasing safe-haven demand amid geopolitical concerns, gold still continues to be seen as a safe trade. The situation in the Ukraine remains critical. If violence escalates in Ukraine, much more risk aversion would enter the market place. Federal Reserve official will speak today at 5.00PM GMT on U.S economic outlook where trader will be listening carefully.
Today Gold has support of 1320.00 and resistance of 1350.00
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