Gold comes back to life above $1700

Author: Adam Button | Category: News

Author: Adam Button

Gold has stormed back to $1700.

Buyers ahead of yesterday’s low at $1685 jumped into the fray as the US dollar strength ebbs against the commodity currencies and the yen.

There isn’t much on the chart to suggest a reason for buying at these levels. The recent downtrend and 100-hour moving avg will resist further gains.

LON GMT+1
BJ HK+8
NY EST-4
TYO +9

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