Gold market update for Tuesday, April 9th. With prices just off 10-month lows, gold futures gained in early trading on Tuesday on “short” covering and bargain hunting. Gold for June delivery currently stands at around $1582. Technical charts show $1600 as a solid resistance level. If gold breaks this barrier, it will trigger certain buy orders and possibly spurn a further rally. Read more…
UPDATE: Gold Sees Modest Rally on Short Covering, Bargain Hunting
April 9, 2013 by