2 May 2014
Gold jumps to $1,304
FXStreet (Córdoba) - Spot gold recently reached a fresh 4-day high at $1,304, after making a strong rebound. After the release of the US employment report price tumbled to $1,273 but quickly rebounded to the level it had before NFP.
Following the opening bell at Wall Street gained momentum and accelerated to the upside, breaking above $1,288 (previous daily highs). The yellow metal printed a fresh high at $1,304 and then pulled back. Currently trades at $1,299, $15 above the price it had at the beginning of the day and near the one it had a week ago.
A weak US dollar pushed XAU/USD to the upside amid rising tension in Ukraine. Stocks in Wall Street opened higher but then turned negative, on a relatively volatile session and currently trade in mixed territory.
Following the opening bell at Wall Street gained momentum and accelerated to the upside, breaking above $1,288 (previous daily highs). The yellow metal printed a fresh high at $1,304 and then pulled back. Currently trades at $1,299, $15 above the price it had at the beginning of the day and near the one it had a week ago.
A weak US dollar pushed XAU/USD to the upside amid rising tension in Ukraine. Stocks in Wall Street opened higher but then turned negative, on a relatively volatile session and currently trade in mixed territory.