Spot Gold Prices for 3-07-2014

Spot Gold Prices for 3-07-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Friday the 7th of
March saw Gold prices opening at around $1,349.80. The gold prices traded pretty flat until after
the release of the much better than expected jobs numbers. After the report came out, profit
taking and a stronger dollar index pushed gold down to a low of around $1,334.50 before
the gold bull’s found support. Prices lifted a little from there and we ended the short
trading day at around $1,339.70 which resulted in a loss in the price of gold of around $10.10. With tensions still high in the Ukraine there
is more potential for short term safe haven buying not to mention the upcoming economic
data from China both of which could help offer more support for gold. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for March 7th, 2014. Please be sure you subscribe and don’t forget
to comment and like us as well. If you need more information on precious metals
be sure you visit our website: See you in the next Gold prices episode! Until
then, take care.

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