| Gold prices held at higher levels after a spate of poor US data in the previous session boosted the metal above resistance levels and weighed on the dollar. The spot gold price was last at $1,242.70/1,243.40 per ounce, u $2.70 on Wednesday’s closing level and bubbling just below the month high hit in yesterday’s session at $1,250.
The dollar has retreated to 1.2804 against the euro, with US equity markets all closing in negative territory after the release of forecast-missing retail sales figures and on fears of the spread of Ebola, bolstering gold’s credentials once again as a safe-haven asset...............................................Full Article: Source
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