Trade n Trend

Home » Gold » GOLD Supported by $1240

GOLD Supported by $1240

The offered tone ran out of steam at yesterday’s low of $1240 even Fed’s Williams expressed a possibility of rate hike in April/June. Moreover, hawkish comments from Fed officials did weigh over equity prices in Asia and thus helped safe haven metal gain ground.
The metal is likely to track movement in the USD index, which is now trading flat. Equity market sentiment too could have its say in determining price of the yellow metal.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: