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In The Lead – Factoring in China’s Factories

2012-04-02 19:11:55 (читать в оригинале)

The first session of the new quarter commenced on an upbeat note for all of the precious metals, save gold, this morning. The yellow metal opened on the weak side, showing a bid-side quote at $1,665 as against a marginally higher US dollar (79.01 on the index) and a fall of 50 cents in black gold. Attempts to lift gold beyond resistance at $1,680 or $1,700 could still be in the cards this week, with a potential target of $1,730 or so. On the support-side, the $1,650 and $1,620 levels are being cited as key numbers that need to hold. Overall, the speculative trade is still [...]