Gold Up On Tension In Ukraine and Yellen’s Testimony
February 28, 2014 12:35 pm
February 28, 2014 – Commodities News
Yesterday, the price of gold first rose due to tension in Ukraine and climbed from $1,325/ounce to $1,333/ounce. Secondly, the gold went up after Yellen’s cautious comments yesterday, the pair has been fluctuating today after retracing a little of its gains during the Asian session. Right now, the pair is fluctuating in anticipation of US GDP data coming out later today. Investors are trying to anticipate the Fed’s next move and any significant US data that could shed light on up the strength of the US economy will provide a lot of insight. Look for support at 1328.96 and resistance at 1332.16.
February 28, 2014 – Commodities News
Yesterday, the price of gold first rose due to tension in Ukraine and climbed from $1,325/ounce to $1,333/ounce. Secondly, the gold went up after Yellen’s cautious comments yesterday, the pair has been fluctuating today after retracing a little of its gains during the Asian session. Right now, the pair is fluctuating in anticipation of US GDP data coming out later today. Investors are trying to anticipate the Fed’s next move and any significant US data that could shed light on up the strength of the US economy will provide a lot of insight. Look for support at 1328.96 and resistance at 1332.16.
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