Gold: Gold shows weak signs of rise

Important: This page is part of archived content and may be outdated.

Gold prices rose by 1 percent today having wide support from the turbulence in the Middle East and therefore recovering early from four continues loss sessions. According to analysts however, gains were also covered by expectations that monetary policy in main regions could become tighten. The precious metal managed to reach a high of USD1429.38 an ounce at 13:45GMT which was shortly followed by a low of USD1414.29 an ounce

Whether or not this a correctional behavior in the gold price the precious metal has struggled to make new gains as efficient financial markets tend to absorb relatively fast new information and hints from the Eurozone and USA that will allow potential investor to make substantial profits in the short term. Gold is currently traded at USD1422.90 an ounce