16 Feb 2015
Gold hovering over $1,230/oz
FXStreet (Edinburgh) - The yellow metal is recovering part of the ground lost last week, currently gyrating around the $1,230.00 area.
Gold advances despite dollar gains
The ounce troy of gold is advancing for the third consecutive session so far, in spite of the firmer tone from the greenback. In addition, gold seems to be supported by the no-deal from the Eurogroup-Greece meeting today, leaving the door open for further debt talks ahead in the week, although the outcome remains unpredictable.
Gold key levels
At the moment the metal is advancing 0.29% at $1,230.70, facing the next hurdle at $1,238.70 (high Feb.11) ahead of $1,245.90 (high Feb.10). On the downside, a dip beyond $1,216.50 (low Feb.11) would expose $1,205.50 (low Jan.8).
Gold advances despite dollar gains
The ounce troy of gold is advancing for the third consecutive session so far, in spite of the firmer tone from the greenback. In addition, gold seems to be supported by the no-deal from the Eurogroup-Greece meeting today, leaving the door open for further debt talks ahead in the week, although the outcome remains unpredictable.
Gold key levels
At the moment the metal is advancing 0.29% at $1,230.70, facing the next hurdle at $1,238.70 (high Feb.11) ahead of $1,245.90 (high Feb.10). On the downside, a dip beyond $1,216.50 (low Feb.11) would expose $1,205.50 (low Jan.8).