The price of Gold slightly increased yesterday to $1,325/ounce after the American session finished. The movement up was probably cause by speculation about the G20 meeting and situation on emerging markets. Then as the Asian session started we saw reversal and currently the price is ranging around $1,319/ounce. The price will be influenced by the U.S. data as well as by the FOMC speakers today. We should pay attention what will be the topic in the G20 as the emerging markets will point on possible turmoil once the scaling back started. The movement is slightly bearish with support at 1,307 and resistance at 1,325.
February 21, 2014 – Commodities News
Hot Asset News For Today: Gold
The price of Gold slightly increased yesterday to $1,325/ounce after the American session finished. The movement up was probably cause by speculation about the G20 meeting and situation on emerging markets. Then as the Asian session started we saw reversal and currently the price is ranging around $1,319/ounce. The price will be influenced by the U.S. data as well as by the FOMC speakers today. We should pay attention what will be the topic in the G20 as the emerging markets will point on possible turmoil once the scaling back started. The movement is slightly bearish with support at 1,307 and resistance at 1,325.
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