Gold prices held at $1280 per ounce in London dealing as US voters went to the polls Tuesday to choose between Donald Trump and Hillary Clinton, trading above the moving average of the metal’s last 200 days – a key level according to technical chart analysts.
World stock markets held dead-flat after Monday’s 2.5% surge from a record 9 days of losses in the US S&P500 index.
Government bonds also froze, holding interest rates unchanges in quiet trade, while commodity prices slipped again but silver held firmer, trading at $18.29 per ounce.
Shanghai gold prices slipped again, retreating 1% from Friday’s 6-week high against the Yuan as the Dollar consolidated the last 3 sessions’ strong recovery on the FX market.’
This post was published at FinancialSense on 11/08/2016.
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