Gold Around $1,200 With Upside Corrections Gold prices fell and consolidated above $1,200 an ounce on Tuesday following yesterday’s rally, due to investors betting on lower prices after the Swiss referendum on raising gold reserves. Gold remains stable during the coming period ahead of the European Central Bank decision and the bank’s president Mario Draghi’s press conference. Market’s focus is turned to the US jobs report, one of the world’s most important economic data, later this week.
Posted on: Wed, 03 Dec 2014 07:16:59 +0000