BUZ INVESTORS Gold increased 15.05 USD/t oz. or 1.18% to 1,291.85 on Tuesday June 6 from 1,279.45 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.
Gold is trading at $1290.90 per ounce at 09:40 GMT this morning, 0.64% higher from the New York close. This morning, the precious metal traded at a high of $1292.50 per ounce and a low of $1282.10 per ounce. Yesterday, gold traded 0.05% lower in the New York session and closed at $1282.70 per ounce, reversing its previous session gains. Immediate downside, the first support level is seen at $1283.23 per ounce, while on the upside, the first resistance level is at $1295.53 per ounce.
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.
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.
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