Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.25% against the USD and closed at USD1266.50 per ounce, as investors piled into safe-have metal following fresh geopolitical tensions arising from the Korean Peninsula.
In the Asian session, at GMT0300, the pair is trading at 1270.5, with the gold trading 0.32% higher against the USD from yesterday’s close.
The pair is expected to find support at 1260.73, and a fall through could take it to the next support level of 1250.97. The pair is expected to find its first resistance at 1276.6 3, and a rise through could take it to the next resistance level of 1282.77.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
