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Gold: Yellow Metal Trading A Tad Higher In The Morning Session Print E-mail
Analysis | Commodity Market Commentaries | Written by GCI Financial | Thu Dec 07 17 02:33 ET

For the 24 hours to 23:00 GMT, Gold declined 0.21% against the USD and closed at USD1265.60 per ounce, amid strength in the US Dollar.

In the Asian session, at GMT0400, the pair is trading at 1265.90, with gold trading slightly higher against the USD from yesterday’s close.

The pair is expected to find support at 1262.13, and a fall through could take it to the next support level of 1258.37. The pair is expected to find its first resistance at 1270.73, and a rise through could take it to the next resistance level of 1275.57.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

GCI Financial

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