Gold slightly climbed and settled just below $1,250/ounce as it corrected from Friday’s drop when the price fell from $1,265/ounce to $1,230/ounce. The movement was partially supported by fears over the Greek bailout and Obama’s statement towards Ukraine. Gold, as a safe-haven asset, could climb very soon if nervousness on the market worsens. Looking at the stock market, we can also see that the stocks ended slightly lower on Monday, adding more bullish sentiment.
Today, investors should focus on news around Europe. The trend is sideways. Support is found at 1,225 and resistance at 1,255.
February 10, 2015 – Commodities News
Gold
Gold slightly climbed and settled just below $1,250/ounce as it corrected from Friday’s drop when the price fell from $1,265/ounce to $1,230/ounce. The movement was partially supported by fears over the Greek bailout and Obama’s statement towards Ukraine. Gold, as a safe-haven asset, could climb very soon if nervousness on the market worsens. Looking at the stock market, we can also see that the stocks ended slightly lower on Monday, adding more bullish sentiment.
Today, investors should focus on news around Europe. The trend is sideways. Support is found at 1,225 and resistance at 1,255.
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