18 března 2009

18/3 Gold update

Gold are trading lower on the third day in London on the rising equities and thereby minimizing the demand for safe haven investments. U.S. economic releases, which showed low producer-price growth and a surprice bounce in housing starts, boosted investor risk appetite and helped undermine safe-harbour demand for gold.

Support at $900 $890
Resistance around $920 $935 $950

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