Gold and silver were largely unchanged yesterday. Gold is currently trading $3 higher at $1,134/oz due to dollar weakness ahead of the FOMC meeting later. In euro and GBP terms gold is trading at €778/oz and £694/oz. Support for gold is currently seen at $1,113/oz and resistance at $1,149/oz.
Gold has been as high as $1,127.50/oz overnight on dollar weakness but has since given up the gains in late morning London trading as the dollar has recovered its earlier losses. Gold is currently trading at $1,116.50/oz and in euro and GBP terms, gold is trading at €763/oz and £688/oz respectively.
Gold has been as high as $1,138.50/oz overnight and has consolidated on yesterdays higher close – the first in four trading sessions. Gold is currently trading at $1,138.50/oz and in euro and GBP terms, gold is trading at €772/oz and £698/oz respectively.
Gold’s sell off continued yesterday with gold down some 2% but it has stabilised in European trading and is trading at $1,141/oz. Gold has fallen by less in euro and GBP terms and is trading at €772/oz and £700/oz. Support for gold is currently seen at $1,122/oz and resistance at $1,167/oz.
Gold recovered some of yesterday’s pullback and went as high as $1,164 overnight. Gold is currently trading at $1,162/oz and in euro and GBP terms, gold is trading at €783/oz and £710/oz respectively.
As expected, gold has continued its pullback of Friday overnight and this morning. Gold is currently trading at $1,139.40/oz and in euro and GBP terms, ir is trading at €772/oz and £697/oz respectively.
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