23.06.2014 - Analysts Question Whether Gold Prices Can Hold Above $1,300
Analysts and commodity traders continue to keep an eye on gold’s psychologically important $1,300-an-ounce level and prices start the week on a relatively softer note. To start the week, electronic trading of Comex August gold futures opened the Sunday North American evening/Monday Asian session at $1,314.90 an ounce, down from Friday’s pit close of $1,316.60 an ounce. Although activity has been light, gold prices have been under fairly consistent selling pressure since the opening of Asian markets. As of 8:00 p.m. EDT, August gold was trading at $1,314.20 an ounce, down $2.40 or 0.18% on the day..............................................Full Article: Source
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