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1 Sep 2015
Gold advancing around $1,140
FXStreet (Edinburgh) - Prices for the precious metal have recovered the smile on Tuesday, currently advancing towards the $1,140 area per ounce.
Gold bid on stocks slump
Global jitters on a potential ‘hard landing’ of the Chinese economy have prompted investors to fly to the safe have metal today, amidst a ‘sea of red’ in stock markets in Europe and the US.
In addition, poor releases in the US docket have also collaborated with the demand for the yellow metal.
Gold key levels
As of writing Gold is up 0.66% at $1,139.80 and a surpass of $1,147.30 (high Sep.1) would expose $1,156.30 (high Aug.25). On the downside, the next support lines up at $1,123.10 (low Aug.28) followed by $1,116.90 (low Aug.26) and then $1,108.50 (low Aug.18).
Gold bid on stocks slump
Global jitters on a potential ‘hard landing’ of the Chinese economy have prompted investors to fly to the safe have metal today, amidst a ‘sea of red’ in stock markets in Europe and the US.
In addition, poor releases in the US docket have also collaborated with the demand for the yellow metal.
Gold key levels
As of writing Gold is up 0.66% at $1,139.80 and a surpass of $1,147.30 (high Sep.1) would expose $1,156.30 (high Aug.25). On the downside, the next support lines up at $1,123.10 (low Aug.28) followed by $1,116.90 (low Aug.26) and then $1,108.50 (low Aug.18).