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30 Mar 2015
Gold back below $1,200
FXStreet (Edinburgh) - The troy ounce of the precious metal continues to surrender recent gains, now retreating for the second consecutive session around the $1,185 level.
Gold softer on dollar
The buying interest around the US dollar and the strong gains in US stocks took a toll on Gold prices at the beginning of the week, with the intraday upside capped in the $1,200 neighbourhood so far.
Gold important levels
At the moment the metal is losing 1.07% at $1,185.98 and a breakdown of $1,182.00 (low Mar.30) would expose $1,179.10 (low Mar.23). On the other hand, the initial hurdle aligns at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16).
Gold softer on dollar
The buying interest around the US dollar and the strong gains in US stocks took a toll on Gold prices at the beginning of the week, with the intraday upside capped in the $1,200 neighbourhood so far.
Gold important levels
At the moment the metal is losing 1.07% at $1,185.98 and a breakdown of $1,182.00 (low Mar.30) would expose $1,179.10 (low Mar.23). On the other hand, the initial hurdle aligns at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16).