Yesterday, Gold ranged between $1,190/ounce and $1,215/ounce. The metal has remained above $1,190 despite the appreciation of the Dollar. Investors are choosing to hold on to the safe haven asset due to caution ahead of the ECB decision. Consequently, make sure to watch the ECB Press conference at 1.30 PM (GMT).
Don’t forget that the non-farm payrolls report will be released tomorrow and may push the price back down. The movement is sideways. Support is found at 1,180 and resistance at 1,221.
December 4, 2014 – Commodities News
Gold
Yesterday, Gold ranged between $1,190/ounce and $1,215/ounce. The metal has remained above $1,190 despite the appreciation of the Dollar. Investors are choosing to hold on to the safe haven asset due to caution ahead of the ECB decision. Consequently, make sure to watch the ECB Press conference at 1.30 PM (GMT).
Don’t forget that the non-farm payrolls report will be released tomorrow and may push the price back down. The movement is sideways. Support is found at 1,180 and resistance at 1,221.
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