On Friday, Gold slightly increased and returned to Thursday’s high just below $1,210/ounce. The price rose as the U.S. stock market dipped after profiting for a few days. However, the price did not exceed $1,210/ounce as China surprisingly reduced their bank reserve ratios which should increase the money supply and help the economy.
Today, traders should watch U.S. stocks earnings. One of the most important releases of the week will be Yahoo! which we will see tomorrow. The movement is sideways. Support is found at 1,195 and resistance at 1,210.0.
April 20, 2015 – Commodities News
Gold
On Friday, Gold slightly increased and returned to Thursday’s high just below $1,210/ounce. The price rose as the U.S. stock market dipped after profiting for a few days. However, the price did not exceed $1,210/ounce as China surprisingly reduced their bank reserve ratios which should increase the money supply and help the economy.
Today, traders should watch U.S. stocks earnings. One of the most important releases of the week will be Yahoo! which we will see tomorrow. The movement is sideways. Support is found at 1,195 and resistance at 1,210.0.
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