Monday, November 27, 2017

Gold almost reaches $1300 per ounce as early dump at market open causes it to fall back half a percent

Just prior to the market's opening on Monday, Nov. 27, gold was poised to break through the strong psychological resistance level of $1300.  However right as the bell sounded in New York, a huge dump of contracts appeared to take place driving the price down from $1299.25 to below $1290 in a matter of minutes.

Needless to say gold has recovered somewhat since the open and is once again vying to break through the $1300 barrier as it now sits around $1295 and climbing.


Post a Comment