05 března 2009

5/3 Gold increases

Gold increased from the low in more than a month as investors deemed an eight-day plunge in prices as too excessive. As Crude oil gained to trade above $45 a barrel helped supporting the metals gain as a typical inflation hedge tool. Gold reached a low of $900 level yesterday.

Gold is currently testing the $880 to $910 support level.

Support: 910 890 880
Resistance: 925 930 940

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