On Friday, Gold fell back towards $1,200/ounce as the safe-haven asset weakened following the extended Greek bailout. The bearish sentiment continued on Monday and the price dipped to $1,188/ounce. The price of the yellow metal is not being supported by physical demand as the Chinese market will remain closed until Wednesday. The movement is sideways. Support is found at 1,188 and resistance at 1,215.
February 23, 2015 – Commodities News
Gold
On Friday, Gold fell back towards $1,200/ounce as the safe-haven asset weakened following the extended Greek bailout. The bearish sentiment continued on Monday and the price dipped to $1,188/ounce. The price of the yellow metal is not being supported by physical demand as the Chinese market will remain closed until Wednesday. The movement is sideways. Support is found at 1,188 and resistance at 1,215.
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