Gold Bouncing Off $1,750 Resistance Level Again

From sunshineprofits.com

The gold futures contract lost 0.14% on Friday, as it remained within its Thursday's daily trading range. The price broke above $1,750 mark once again before closing below that resistance level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. But Wednesday's FOMC Statement came out as a short-term game-changer. Stock prices reversed lower and gold spiked higher. Gold is 1.1% down this morning, as it's retracing last week's advance. What about the other precious metals? Silver lost 2.28% on Friday and today it is 2.2% lower. Platinum lost 0.61% and today it is 0.3% lower. ... (full story)