Back
16 Mar 2015
Gold keeps gains above $1,150
FXStreet (Edinburgh) - The precious metal is clinging to the positive territory on Monday, currently hovering over the $1,153 level.
Gold up on dollar losses, down on stocks
The persisting softer tone surrounding the greenback at the beginning of the week helped the yellow metal to advance beyond the $1,160 area, although the solid performance of the stock markets first in Europe and later in the US somehow limited the daily climb.
Ahead in the week, the FOMC meeting on Wednesday appears as the main risk event for Gold.
Gold important levels
At the moment the metal is up 0.07% at $1,153.20 with the next hurdle at $1,169.70 (high Mar.10) followed by $1,174.40 (high Mar.9) and then $1,200.00 (high Mar.6). On the other hand, a breach of $1,147.80 (low Mar.12) would open the door to $1,146.50 (low Mar.11) and finally $1,141.70 (low Dec.1).
Gold up on dollar losses, down on stocks
The persisting softer tone surrounding the greenback at the beginning of the week helped the yellow metal to advance beyond the $1,160 area, although the solid performance of the stock markets first in Europe and later in the US somehow limited the daily climb.
Ahead in the week, the FOMC meeting on Wednesday appears as the main risk event for Gold.
Gold important levels
At the moment the metal is up 0.07% at $1,153.20 with the next hurdle at $1,169.70 (high Mar.10) followed by $1,174.40 (high Mar.9) and then $1,200.00 (high Mar.6). On the other hand, a breach of $1,147.80 (low Mar.12) would open the door to $1,146.50 (low Mar.11) and finally $1,141.70 (low Dec.1).