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Gold, silver, and platinum prices test key resistance in the wake of weak U.S. jobs data
Gold has moved above $3,370 per ounce despite a stronger U.S. dollar, while silver is attempting to settle above the $37.50 per ounce level, and platinum prices briefly broke above resistance near $1350, according to Vladimir Zernov, market analyst at FX Empire. Zernov noted that gold is gaining ground as traders remain focused on last week’s weak U.S. jobs report. “If gold settles above the resistance at $3350 – $3360, it will head towards the next resistance level at $3440 – $3450,” he said. Gold prices have held onto their gains from earlier in the session, with spot gold last trading at $3,376.20 per ... (full story)
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