Month high for gold

1 min read

Gold price is at the highest price since mid March.

In particular, the spot price of gold increased by 0.8% to $ 1,989.65 an ounce, recording a high since March 11, while gold futures are moving at $ 1,993.4 with an increase of 0.9%.

According to Ilya Spivak, exchange rate strategist at DailyFX, there seems to be a risk aversion in the market, but he points out that the low trading volume (due to Catholic Easter Monday) may not give a clear picture.

On a technical level, according to him, gold is expected to test again the near resistance of $ 2,000, however the number that we have to watch in the long run is $ 2,100.

For his part, Reuters analyst Wang Tao notes that after the spot price crossed the resistance of $ 1,984, it is now likely to move in the range of 1,998 to $ 2,012.

For the rest of the metals, the spot price on silver rose 0.4% to $ 25.79 per ounce, platinum rose 1.1% to $ 1,000.82, as did palladium at $ 2,406.93. with + 1.6%.

You May Also Like

More From Author

+ There are no comments

Add yours