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2 Apr 2014
Gold has best day in 2 weeks
FXStreet (Córdoba) - Spot gold is about to finish Wednesday hovering around $1,290 consolidating a daily gain of more than $10, having the best day since March 14. The yellow metal rose despite the strength of the US dollar in the currency market.
Yesterday price found support at $1,277 and from there gold gained momentum. Minutes before the release of the ADP employment report in the US jumped from $1,283 to $1,293.
Then on American hours peaked at $1,294.50, the highest price since Monday. During the second half of the American session pulled back but finding support at $1,289.
Yesterday price found support at $1,277 and from there gold gained momentum. Minutes before the release of the ADP employment report in the US jumped from $1,283 to $1,293.
Then on American hours peaked at $1,294.50, the highest price since Monday. During the second half of the American session pulled back but finding support at $1,289.