Buz Investors Gold decreased 0.85 Gold is trading at $1196.00 per ounce at 10:40 GMT this morning, 0.41% lower from the New York close. Gold witnessed a high of $1201.90 per ounce and a low of $1194.50 per ounce during the session. Gold fell in the New York session yesterday, closing 0.56% lower at $1200.90 per ounce, as increasing expectations of a Fed interest rate hike next week continued to hurt demand for the safe haven yellow metal. Immediate downside, the first support level is seen at $1190.70 per ounce, while on the upside, the first resistance level is at $1205.10 per ounce.
Gold decreased 0.85 USD/t oz. or 0.07% to 1,199.85 on Friday March 10 from 1,200.70 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970
The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on March of 2017.
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