Tag Archives: Gold

Spot gold has pushed up sharply in Asia this morning on the back of an agreement at last to the EU/Greek debt deal which has lingered for so long. The metal touched highs of $1742.95 in recent trade after opening the session in Asia at $1735.05.

Spot gold prices have built steadily higher in Asia this morning having been as low as $1705.40 in NY yesterday. The metal has pulled away from the “drop zone” at $1700 when solid support arrived towards last Friday’s lows of $1704.70.

Spot gold has headed down in Asia this morning weighed by ongoing Greek debt concerns, Moody’s announcement that it was reviewing 17 major global banks, weaker equities and a general risk off sentiment following last nights dovish FOMC minutes.

Spot gold is heading higher this morning on the back of some improved risk appetite following comments in the Asian session from China’s PBOC’s Zhou. The metal appears to be consolidating support around $1712/13, but remains relatively tightly range bound between there and $1733 which is just above the 14 day MA at $1732.10.

Spot gold is heading lower this morning weighed down by fresh Eurozone concerns following rating downgrades by Fitch, Moodys and S&P of a number of sovereign european states. The metal has slipped down through yesterday’s lows of $1716.25 to $1715 this morning after opening the session in Asia at $1722.30.

Spot gold prices have recovered marginally this morning Asia after dipping on Friday to $1704.65 in NY. The pair did however manage to close at $1722(above the $1710 level which analysts point to as pivotal for the uptrend to continue) and has risen again this morning on the back of an higher EUR/USD and oil […]

Spot gold prices have fallen Friday, moving in tandem with a weaker euro, after the EU rejected the proposed Greek bailout deal. The continuing Greek uncertainty has seen risk assets correct lower so far Friday, with spot gold currently trading just above session lows at $1717.93, down $11.47.

Spot gold prices are trading around unchanged levels Thursday, after prices declined sharply during yesterday afternoon’s session. Strong resistance was seen around the $1750 level and prices never recovered. $1725 provided an area of support on two separate occasions, once after the European equity cash closes and then again during Asian trading hours, with the […]

Spot gold is staging a recovery this morning in Asia with a rally to $1739 in recent trade after opening at $1733.75 and dipping to $1726.10 in early trading. The metal hit lows in NY yesterday of $1724.50 on headlines that ECB issues might temporarily block the Greek debt agreement.