Gold Movement
Gold prices traded higher by 1.26% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,811.68per ounce, as investors sought safe-haven assets, amid continuing concerns over the eurozone’s sovereign debt crisis.
In the Asian session at 3:00GMT, gold is trading at USD 1,825.17 per ounce, 0.74% higher from Friday’s close.
The pair is expected to find its first short term resistance at 1,848.38, with the next resistance at 1,871.59. The pair is expected to find support at 1,782.32 and subsequently at 1,739.47.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
