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12 Mar 2015
Gold slightly higher near $1,150
FXStreet (Edinburgh) - The weaker tone in the US dollar prompted Gold buyers to return to the markets on Thursday, taking the troy ounce as high as $1,165.
Gold trading in 3-month lows
Despite the marginal gains today, the monthly balance for the precious metal remains entrenched into the red territory, retreating for the second month in a row and extending the downside from ytd peaks around the critical $1,300 barrier.
Gold important levels
At the moment the metal is up 0.14% at $1,152.20 with the next hurdle at $1,169.70 (high Mar.10) followed by $1,174.40 (high Mar.9) and then $1,200.00 (high Mar.6). On the other hand, a breach of $1,147.80 (low Mar.12) would open the door to $1,146.50 (low Mar.11) and finally $1,141.70 (low Dec.1).
Gold trading in 3-month lows
Despite the marginal gains today, the monthly balance for the precious metal remains entrenched into the red territory, retreating for the second month in a row and extending the downside from ytd peaks around the critical $1,300 barrier.
Gold important levels
At the moment the metal is up 0.14% at $1,152.20 with the next hurdle at $1,169.70 (high Mar.10) followed by $1,174.40 (high Mar.9) and then $1,200.00 (high Mar.6). On the other hand, a breach of $1,147.80 (low Mar.12) would open the door to $1,146.50 (low Mar.11) and finally $1,141.70 (low Dec.1).