Chart | Calendar   | TRADE NOW | GOLD

Gold Prices Drift Lower, Short-Term Defensive Support Fades

BUZ INVESTORS Gold Prices Drift Lower Gold is trading at $1254.80 per ounce at 09:40 GMT this morning, 0.21% lower from the New York close.

Gold

BUZ INVESTORS Gold Prices Drift Lower  Gold is trading at $1254.80 per ounce at 09:40 GMT this morning, 0.21% lower from the New York close. This morning, the precious metal traded at a high of $1257.80 per ounce and a low of $1253.00 per ounce. Yesterday, gold traded 0.3% higher in the New York session and closed at $1257.40 per ounce, amid weakness in the US Dollar. Immediate downside, the first support level is seen at $1252.30 per ounce, while on the upside, the first resistance level is at $1257.60 per ounce.

An underlying strengthening in risk appetite and rise in global bond yields has curbed defensive demand for gold, although selling has been contained ahead of Wednesday’s Fed statement.

After gaining ground immediately after the US ISM data on Monday, gold prices were unable to regain the $1,270 per ounce area and there was sharp selling pressure towards the European close as the US currency regained ground.




Gold Prices Drift Lower

READ  EURUSD Finds Support. A Look at Opportunities to Long 
READ  Silver prices break above mid range resistance
READ  $XAGUSD Silver Prices Bounce Back on Weaker Dollar, Risk Aversion

>>>TRADE NOW<<<

Gold  | Data | Chart | Calendar | Forecast | News

Gold decreased 7.59 USD/t oz. or 0.60% to 1,249.20 on Wednesday May 3 from 1,256.79 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 May of 2017.

Like up on FACEBOOK
Market quotes are powered by
TradingView.com


Commodities ( Gold ) ( Silver ) ( Lithium )




Gold prices mark 3-week low

Chart | Calendar   | TRADE NOW | GOLD Gold prices mark 3-week low Gold BUZ INVESTORS  Gold prices mark  Gold is trading at $1256.10 per ounce at 09:40 GMT this morning, 0.07% lower from the New York close. This morning, the precious metal traded at a high of $1258.80 per ounce and a low of $1254.60 […]

Gold price snaps 3-day winning streak

Chart | Calendar   | TRADE NOW | GOLD Gold price snaps 3-day winning streak Gold BUZ INVESTORS Gold price snaps Gold is trading at $1263.80 per ounce at 09:40 GMT this morning, 0.45% lower from the New York close. This morning, the precious metal traded at a high of $1271.60 per ounce and a low of […]

$VPRB HONEYSTICK and Gold Nugget Extracts Place 1st, 2nd, and 3rd at the High Times Cannabis Cup

VPR Brands HONEYSTICK and Gold Nugget Extracts Place 1st, 2nd, and 3rd at the High Times Cannabis Cup BUZ INVESTORS PRESS RELEASE  VPRB HONEYSTICK   VPR Brands, LP (OTC PINK: VPRB) and Gold Nugget teamed up at the High Times Cannabis Cup So-Cal April 21-23. The entries were within the vaporizers and cannabis concentrates categories. […]

Click here for reuse options!
Copyright 2017 Investors Buz

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account