Spot Gold Prices for 3-11-2014

Spot Gold Prices for 3-11-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Tuesday the 11th
of March saw Gold prices opening at around $1,341.50. With continued safe haven support coming from
ongoing global tensions as well as weak data out of China, gold bull’s had a great day
on Tuesday. Gold prices started out by climbing up to and bouncing off of that $1,350 level
dropping from there down to the day’s low of around $1,339.80. But that dip didn’t last
long as prices bounced right back up climbing to the high of around $1,358.40 and from there
we ended the trading day at around $1,357.80. This all resulted in a nice gain in the price
of gold of around $16.30. There is more economic data to be released
from both the US and China later this week so expect that and any additional tensions
in the Ukraine, to be the driving force on gold prices for the moment. The next big target
for the gold bull’s has to be to bust through and close above that $1,361 level where resistance
has been encountered previously. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for March 11th, 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.

1 Comment

  1. Spot Gold Prices for March 11th, 2014 – #Goldprices got a boost Tuesday with continued issues around the globe helping to keep safe haven demand high. With more possible weak data from China and even the US later this week added with tensions over the Ukraine, things are looking up for gold prices in the short term at the very least.

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