Gold market update for Friday, April 5th. In early morning trading in London, gold creeped back to $1556, which is off its 10-month low seen on Thursday. Gold has continued its rally to above $1560 following a disappointing jobs report in the US. Some analysts are concerned that if gold falls back below $1540, there could be more “exits” from the market, but that technical charts indicate the next support level to be around $1522-$1525. Read more…
Drop in Gold Prices “Exaggerated”, Support Level “Will Need to Break Before We See Another Big Move Down”
April 5, 2013 by