FXstreet.com (Barcelona) - The sustained rally in precious metals, propped up by yesterday's release of FOMC minutes, faded on Thursday on Fed's James Bullard's comments in which he opposed to another round of the asset purchase program.
As Leon Westgate from Standard Bank observes, silver has maintained gains and is trading above $30/oz, while gold “looks to at an important pivot point, around $1,660/oz, with today’s close likely to be key in terms of whether its rally continues or not.”
“Gold support and resistance is at $1,643 and $1,680 respectively."
As Leon Westgate from Standard Bank observes, silver has maintained gains and is trading above $30/oz, while gold “looks to at an important pivot point, around $1,660/oz, with today’s close likely to be key in terms of whether its rally continues or not.”
“Gold support and resistance is at $1,643 and $1,680 respectively."
