GOLD
Gold in the spot market struck a high of 1333.10 and a low of 1319.52 on Friday as tension in Ukraine worsened by Russia’s seizure of Crimea boosted demand for a haven, with assets in bullion backed exchange traded products posting the first monthly increase since December 2012. Geopolitical risk out of Ukraine is giving gold a safe haven bid. Ukraine mobilized army reserves yesterday and called for overseas observers in Crimea after Russia seized control of the Black Sea region. US Secretary of State John Kerry is traveling to Ukraine, while European Union foreign ministers will hold an emergency meeting. DAILY TECHNICAL RESISTANCES AND SUPPORTS CURRENT PRICE: 1348.01
RESISTANCES: 1352.48 1361.83 1369.11
SUPPORTS : 1338.20 1334.00 1327.00
Gold in the spot market struck a high of 1333.10 and a low of 1319.52 on Friday as tension in Ukraine worsened by Russia’s seizure of Crimea boosted demand for a haven, with assets in bullion backed exchange traded products posting the first monthly increase since December 2012. Geopolitical risk out of Ukraine is giving gold a safe haven bid. Ukraine mobilized army reserves yesterday and called for overseas observers in Crimea after Russia seized control of the Black Sea region. US Secretary of State John Kerry is traveling to Ukraine, while European Union foreign ministers will hold an emergency meeting. DAILY TECHNICAL RESISTANCES AND SUPPORTS CURRENT PRICE: 1348.01
RESISTANCES: 1352.48 1361.83 1369.11
SUPPORTS : 1338.20 1334.00 1327.00