On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,610.45 a troy ounce, down 0.39%. Gold futures were likely to test support at USD1,594.05 a troy ounce, Wednesday’s low, and resistance at USD1,632.15, Friday’s high.
markets are turning to their attention to Europe, as French President Nicolas Sarkozy and German Chancellor Angela Merkel are set to meet Jan. 9 to find ways to make good on a December pledge among E.U. nations to better coordinate fiscal policies.
European uncertainty has sent more and more investors fleeing to the safety of the greenback in recent sessions, a trend that often sends gold falling. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment