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24 Dec 2014
Gold trades at day’s high
FXStreet (Mumbai) - Gold prices are trading at the day’s high tracking slight weakness in the US dollar amid holiday thinned trading.
The yellow metal currently trades 0.11% higher at USD 1180.00/Oz levels, compared to the previous session’s close at USD 1178/Oz levels. The metal recovered from the low of USD 1175.40, as the US dollar index eased from the high of 90.35 to trade 0.11% lower at 90.22 levels. The metal came under pressure yesterday after a stellar third quarter US GDP report pushed the yields at the short-end of the market curve to the highest level since April 2011.
Gold Technical Levels
Gold has an immediate support located at 1172.60 and 1170.80 levels. Meanwhile, resistance is seen at 1184.80 and 1186.40 levels.
The yellow metal currently trades 0.11% higher at USD 1180.00/Oz levels, compared to the previous session’s close at USD 1178/Oz levels. The metal recovered from the low of USD 1175.40, as the US dollar index eased from the high of 90.35 to trade 0.11% lower at 90.22 levels. The metal came under pressure yesterday after a stellar third quarter US GDP report pushed the yields at the short-end of the market curve to the highest level since April 2011.
Gold Technical Levels
Gold has an immediate support located at 1172.60 and 1170.80 levels. Meanwhile, resistance is seen at 1184.80 and 1186.40 levels.