Gold Today -Gold closed in New York at $1,222.80 down from $1,233.00. In Asia on Monday, it rose to $1,231.25 ahead of London’s opening. It then rose further to be set by the LBMA at $1,234.15 up from $1,231.00. Since Friday’s setting, gold fell to $1,212 but not on physical selling. The dollar index is stronger at 98.25 up from 97.39 on Friday.
The dollar is up against the euro at $1.0895 up from $1.10248 on Friday. The gold price in the euro was set at 1,132.77 up from 1,116.65.
Ahead of New York’s opening, the gold price was trading at $1,232.00 and in the euro at 1,131.05.
Silver Today -The silver price closed in New York at $14.65 down 48 cents. Ahead of New York’s opening the silver price stood at $14.80.
Gold (very short-term)
The gold price will consolidate with a stronger bias in New York today.
Silver (very short-term)
The silver price will consolidate with a stronger bias in New York today.
This post was published at GoldSeek on 29 February 2016.
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