NY session excessive reaches $1314.90 vs 100 hour MA at $1316.22
The value of gold has rebounded larger within the NY session. That transfer larger has taken the worth again towards the 100 hour MA at $1316.22. The excessive simply reached $1314.90.
The value of gold has been transferring down off Thursday’s highs on the again of a stronger greenback after the US employment report. The USD stays the strongest foreign money on the day which makes the rise a bit head scratching. Which will assist to place a lid on the rally (with stops on a break above).