Gold has rebounded a bit today after falling for the past few days due to a combination of bad Chinese data, Good American data, and minimal geopolitical tension. However, this changed today when the Ukrainian army killed five separatists. Russian President Vladimir Putin warned the Ukrainian government against further action, and the current escalation has investors worried that the US may get involved. Thus, gold has gone a little higher. Now, the precious metal is mostly ranging in anticipation of American data coming out later today. Look for support at 1268 and resistance at 1298.
April 25, 2014 – Commodities News
Hot Asset For Today: Gold
Gold has rebounded a bit today after falling for the past few days due to a combination of bad Chinese data, Good American data, and minimal geopolitical tension. However, this changed today when the Ukrainian army killed five separatists. Russian President Vladimir Putin warned the Ukrainian government against further action, and the current escalation has investors worried that the US may get involved. Thus, gold has gone a little higher. Now, the precious metal is mostly ranging in anticipation of American data coming out later today. Look for support at 1268 and resistance at 1298.
Related Posts: