4 Mar 2014
Gold drops from 4-month highs as Ukraine tensions ease
FXStreet (Córdoba) - Gold fell sharply on Tuesday as the Ukraine crisis eased retreating from 4-month highs. The price of the yellow metal bottomed at $1,331.30 on European hours and then bounced rising toward $1,340.
XAU/USD fails to hold above $1,350
Yesterday gold jumped rising almost $30 from Friday’s closing price and peaked at $1,354, hitting the highest price since October 2013. After moving in ranges during the Asian session, dropped sharply to the downside following Russian President Vladimir Putin's decision to recall troops on military exercises from the Western borders, falling more than $10 in minutes.
Price found support above $1,330 and rebounded but it was unable to rise back on top of $1,340. Near Wall Street’s closing bell the ounce trades at $1,338, a decline of 0,85% for the day.
XAU/USD fails to hold above $1,350
Yesterday gold jumped rising almost $30 from Friday’s closing price and peaked at $1,354, hitting the highest price since October 2013. After moving in ranges during the Asian session, dropped sharply to the downside following Russian President Vladimir Putin's decision to recall troops on military exercises from the Western borders, falling more than $10 in minutes.
Price found support above $1,330 and rebounded but it was unable to rise back on top of $1,340. Near Wall Street’s closing bell the ounce trades at $1,338, a decline of 0,85% for the day.