2010-12-21

Gold had a steady, but rather unexciting end to the week


















Gold had a steady, but rather unexciting end to the week, with dip-buying preventing the metal from falling off a cliff as the euro collapsed, albeit with the stronger dollar also capping the upside. Renewed concerns over the Eurozone debt crisis have seen gold remain well supported this morning, with the yellow metal climbing back above $1,380/oz.

Gold support and resistance is seen at $1,365 and $1,388 respectively.

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