Wed, Feb 19, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold Drops Below $1,200.00, Hits 9-Mo. Low

Posted on 24 November 2016

Gold prices are solidly lower, hit a nine-month low and have fallen below key chart support at $1,200.00 in early U.S. trading Wednesday. The bearish near-term technical postures for gold and silver markets continue to invite chart-based selling interest.
Sell stop orders were triggered in the Comex gold futures market when prices breached the $1,200.00 level. A higher U.S. dollar index today is also a bearish outside market force working against the precious metals market bulls………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2020
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829