Gold Movement
Gold prices traded higher by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1,372.20 per ounce.
Inflation worries assisted the precious metal prices higher on Tuesday in the New York session.
In other news, protests for political reform continue in Iran, Yemen and Bahrain in the aftermath of the Egyptian uprising, heightening fears of contagion across the Arab world, leading to higher demand for the safe-haven asset.
In the Asian session at 4:00GMT, gold is trading at USD 1,373.70 per ounce, 0.11% higher from 23:00GMT.
The pair is expected to find its first short term resistance at 1,378.67, with the next resistance at 1,383.64. The pair is expected to find support at 1,366.19 and subsequently at 1,358.68.
The pair is showing convergence with its 20 Hr moving average and is well above its 50 Hr moving average.
