3 Aug 2015
Gold in red around $1,090
FXStreet (Edinburgh) - Prices for Gold remain in the negative territory at the beginning of the week, navigating around the $1,090 neighbourhood per ounce.
Gold softer on USD-strength
The precious metal could not take advantage of the softer tone in the US equities today, as a renewed bid tone around the dollar has outweighed any bullish attempt from the metal.
Gold prices posted marginal losses today, extending the offered tone from last month while clinging to the area around $1,090, which seems to have offered a decent support so far.
Gold levels to watch
Gold is losing 0.55% at $1,089.10 with the next support at $1,072.30 (2015 low Jul.24) followed by $1,045.20 (monthly low January 2010). On the upside, a surpass of $1,131.70 (high Jul.20) would open the door to $1,144.00 (high Jul.17) and then $1,154.20 (high Jul.15).
Gold softer on USD-strength
The precious metal could not take advantage of the softer tone in the US equities today, as a renewed bid tone around the dollar has outweighed any bullish attempt from the metal.
Gold prices posted marginal losses today, extending the offered tone from last month while clinging to the area around $1,090, which seems to have offered a decent support so far.
Gold levels to watch
Gold is losing 0.55% at $1,089.10 with the next support at $1,072.30 (2015 low Jul.24) followed by $1,045.20 (monthly low January 2010). On the upside, a surpass of $1,131.70 (high Jul.20) would open the door to $1,144.00 (high Jul.17) and then $1,154.20 (high Jul.15).