Gold price to rise slightly
Gold price delivered in June closed session March 16th on the floor of the New York Comex to raise $ 0.7, reaching $ 1160.3 per ounce.
Gold for immediate delivery to the core version is $ 1,160 per ounce after falling nearly $ 1,150 per ounce in early sessions.
Gold continues to move back up is due to many technical analysis signal that the market is still in the upward trend in the short term and investors to quickly buy gold when the price reduced to make a profit.
Step into the session, gold prices have been close the threshold at about $ 1,150 per ounce, but demand has rapidly increased gold pull back and go up. Strong buying force has drowned out the impact of increasing points of yesterday’s session the USD.
The dollar rebounded last night against the euro due to investor concerns about solvency of Greece after the bond interest rate gap between Germany and Greece in March 15th.
According to Kitco experts, the technical analysis further showed that gold could increase in the short term. Technical thresholds and psychological block ahead is $ 1,200 per ounce. The strong support threshold is $ 1,135 per ounce. Weaker support threshold is $ 1,151 per ounce.
