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Gold falls but remains high

Gold declined even lower today, but remains close to its two weeks high level, following the FED's recent policy meeting minutes that always had a considerable impact on the U.S. dollar.

Gold's December futures to $1,353.65

On the New York Mercantile Exchange, Comex division, December's gold futures traded to $1,353.65, thus being 0.26% lower, not far though from the level of $1,355.75.

During Thursday's session, December's contract ended at $1,357.20 and was 0.62% higher.

Furthermore, the gold futures will likely find strong resistance and support at Wednesday's levels, the $1,360.80 and the $1,338.60 respectively.

Moreover, the precious metal gained value, amid Thursday's data where the initial jobless claims dropped to 262,000, thus recording a declination of 4,000.

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Friday, 19 Aug, 2016 / 9:28

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/gold-falls-but-remains-high

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