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6 Mar 2014
Gold rises to test 2014 highs
FXStreet (Córdoba) - A weak US dollar favored the upside in the value of spot gold that finished hovering around $1,350. During the European session gold fell to $1,331 but bounced to the upside and jumped $20 in a few hours.
Gold reached the highest price at $1,353.50, just a few cents below Monday’s highs and pulled back slightly in the last hour of trading in Wall Street.
XAU/USD testing $1,355
The rally of gold found resistance around the $1,355 area. The mentioned zone capped the upside at the beginning of the week. If price breaks higher it would be trading at the highest price since October.
Gold reached the highest price at $1,353.50, just a few cents below Monday’s highs and pulled back slightly in the last hour of trading in Wall Street.
XAU/USD testing $1,355
The rally of gold found resistance around the $1,355 area. The mentioned zone capped the upside at the beginning of the week. If price breaks higher it would be trading at the highest price since October.