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1 Apr 2015

Gold retakes $1,200 and beyond

FXStreet (Edinburgh) - The troy ounce of the precious metal has recovered the area above the psychological mark at $1,200 on Wednesday.

Gold boosted by USD weakness

The yellow metal found much-needed oxygen in today’s decline in the US dollar, snapping a 3-session negative streak and recovering at the same time levels beyond the $1,200 handle.

Prices of Gold thus started a fresh month on the right footing, looking to revert two consecutive months of losses.

Gold important levels

At the moment the metal is gaining 1.84% at $1,205.39 with the next resistance at $1,223.30 (high Mar.2) followed by $1,234.00 (high Feb.17) and finally $1,236.79 (high Feb.16). On the flip side, a breach of $1,181.00 (low Apr.1) would target $1,178.00 (low Mar.31) en route to $1,168.50 (low Mar.20).

Apr 1, 2015

United States Total Vehicle Sales below forecasts (16.7M) in March: Actual (17.2)

Greece submits new proposal to Eurozone - FT

Greece submitted a new list of economic reforms to Eurozone institutions on Wednesday. According to a draft proposal obtained by the FT, Greece aims to raise revenues by cracking down on tax evasion and corruption while reversing cuts to pensions and labour market reforms.