collected by :kiven Dixter
Spot gold was drop 0.2 per cent at $1,338.51 per ounce. Dubai gold prices are Dh162 for 24-karat & 22-karat could be purchased for Dh152.25. Spot gold was drop 0.2 per cent at $1,338.51 per ounce as of 0324 GMT. "Gold prices at this moment serve for Businessmen danger aversion request & gold for the immediate short term going to be well supported due to the volatility in the equity markets," told check To, head of study at Hong Kong's Wing Fung Financial Group. "As the market continues to go out of the exercise of what if, the fear of the unknown going to still to backing Gold prices."
Spot gold was drop 0.2 per cent at $1,338.51 per ounce. Dubai gold prices are Dh162 for 24-karat & 22-karat could be purchased for Dh152.25. Spot gold was drop 0.2 per cent at $1,338.51 per ounce as of 0324 GMT. "Gold prices at this moment serve for Businessmen danger aversion request & gold for the immediate short term going to be well supported due to the volatility in the equity markets," told check To, head of study at Hong Kong's Wing Fung Financial Group. "As the market continues to go out of the exercise of what if, the fear of the unknown going to still to backing Gold prices."
Gold prices tumble after Monday's surge
Gold had surged on Monday as falling unite states share prices & fears of a universal trade war pushed Businessmen towards safer assets. But When Eu stock markets continued to fall, led with tech shares, Wall Street rebounded. Higher market volatility & hight tension among Washington & Beijing going to likely hold gold prices above $1,300 per ounce throughout 2018, they said. "We assign a thirty % probability which gold prices could scale $1,400 an ounce this year." Momentum indicators proposed gold prices would rise, with technical Fibonacci backing at $1,317.25 & resistance at $1,361.80, analysts at ScotiaMocatta told in a note.
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