OctaFX | OctaFX Forex Broker
Open trading account

Commodities Brief – Gold capped at 1614, silver regains 29.00 level

The yellow metal was seen breaking higher Thursday on the heels of mixed data out of the US, which for the first time in over a week showed some alternative to a largely optimistic view of the economy in 2013. After yesterdays Fed interest rate decision, which offered little to the imagination – interest rates are indeed still pegged at 0.25% – gold prices have been operating positively, and in these moments have settled at USD $1612.27 per oz. slightly off its maximums during US trading. A hold above the 1610 level will be a minor victory for gold bears as they look to target a second consecutive weekly close.
Read more Previous

US: Philadelphia Fed Manufacturing Survey (Mar): 2

Read more Next
Start livechat