25 Mar 2014
Gold post lowest close in a month
FXStreet (Córdoba) - Gold lost more than $20 on Monday and finished at $1,308 posting the lowest daily close since February 13. The yellow metal extended the retracement after hitting only a week ago at $1,391 a 6-month high.
The price continues under pressure and holding a downside bias, despite oversold indicators after dropping $82 in a week. Recent movements broke important support levels exposing $1,300.
The value of the ounce has decline in five out of the last six trading days. Early in Asia price remains steady near Monday’s lows.
The price continues under pressure and holding a downside bias, despite oversold indicators after dropping $82 in a week. Recent movements broke important support levels exposing $1,300.
The value of the ounce has decline in five out of the last six trading days. Early in Asia price remains steady near Monday’s lows.