Spot Gold Prices for 3-27-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Thursday the 27th
of March saw Gold prices opening at around $1,304.80. Things started out all downhill for gold prices
right from the start of Thursday. In the early morning hours we saw gold prices punch right
through the $1300 psychological level setting off some stops placed at that mark and the
200 day moving average which was at around $1293 making the problem even worse. By mid
afternoon we saw the low price of around $1,290.30 and then from there we ended the trading day
at around $1,293.00 and this resulted in another decent loss in the price of gold of around
$11.80. Much of this push was due to the same reasons
for the drop since last week. The Fed freaked out traders and investors causing many to
exit their positions far too soon considering 2015 is still quite a ways off. The gold bull’s
need to garner their strength and try to hold some of the previous levels of support or
we could see gold push down into the $1250 range or lower before the next bounce. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for March 27th, 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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