Gold Movement
For the 24 hours to 23:00 GMT, Gold rose 0.39% against the USD and closed at USD1299.80 per ounce on Friday, as investors piled into safe-haven asset amid renewed tensions surrounding North Korea.
In the Asian session, at GMT0300, the pair is trading at 1295.4, with the gold trading 0.34% lower against the USD from Friday’s close.
The pair is expected to find support at 1292.57, and a fall through could take it to the next support level of 1289.73. The pair is expected to find its first resistance at 1300.07, and a rise through could take it to the next resistance level of 1304.73.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
