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17 Oct 2014
Gold falls to USD 1235
FXStreet (Mumbai) - Gold prices have weakened during the US session after prices struggled to sustain above USD 1240/Oz levels throughout the European session.
Gold currently trades at USD 1235/Oz, down 0.52% for the day. The prices may have come under pressure due to the strength in the Us Dollar Index, which has shot up to 85.30 levels in last one hour. Meanwhile, the US Equity markets continue to inch higher with the DJIA up 1.25% for the day. The US ten-year treasury yields have rose above 2.2% to trade at 2.213% at the time of writing.
Gold Technical levels
Gold has declined to 1235 levels after prices breached the narrow range of 1238 to 1242. Gold can fall further to 1230 levels today if the metal fails to rise above 1235 levels.
Gold currently trades at USD 1235/Oz, down 0.52% for the day. The prices may have come under pressure due to the strength in the Us Dollar Index, which has shot up to 85.30 levels in last one hour. Meanwhile, the US Equity markets continue to inch higher with the DJIA up 1.25% for the day. The US ten-year treasury yields have rose above 2.2% to trade at 2.213% at the time of writing.
Gold Technical levels
Gold has declined to 1235 levels after prices breached the narrow range of 1238 to 1242. Gold can fall further to 1230 levels today if the metal fails to rise above 1235 levels.