Market Commentary Sep 11, 2014 01.00 pm Gold: Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1250.70 per ounce, amid a broad strength in greenback following rising expectations that the Fed might increase its interest rates sooner than expected. In the Asian session, at GMT0300, the pair is trading at 1248.5, with the gold trading 0.18% lower from yesterday’s close. In last four hours session Gold has reached the peak at $1249.97 while touching the lowest value of $1246.20. However the current price remains at $1246.33.The recently four hourly RSI stands at 38 indicating slightly bearish trend in the market . Whilst Stochastic Oscillator with value of 76 supporting the RSI movement. For further Information,kindly leave your contact details or Email ID in the Comments | S.A | +92-021-32462598
Posted on: Thu, 11 Sep 2014 08:22:31 +0000
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