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13 Mar 2015
Gold up above $1,150
FXStreet (Edinburgh) - The troy ounce of the precious metal is posting meagre gains on Friday, currently gyrating around $1,155.00.
Gold remains resilient
The yellow metal is resisting remarkably well the scenario of USD-strength in the global markets. In fact, Gold prices seem to have derived some support from recent comments that a climb towards $2,000/oz still remains on the cards, despite the current upside in the greenback.
Gold important levels
At the moment the metal is up 0.25% at $1,154.80 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 remains resilient
The yellow metal is resisting remarkably well the scenario of USD-strength in the global markets. In fact, Gold prices seem to have derived some support from recent comments that a climb towards $2,000/oz still remains on the cards, despite the current upside in the greenback.
Gold important levels
At the moment the metal is up 0.25% at $1,154.80 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).