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Germany Dec Industrial Production s.a. w.d.a. (YoY): -1%; 0.3% (MoM)

Gold prices trading at $1676.72

Gold prices started off Thursday heading north again as the yellow metal approaching the 50-day SMA, peaking near the 1680.00 level again. However, “given the recent push and the prolonged stability above 1666.00, which was above our first target at 1663.00, we therefore think the metal could push to 1685.00 again in the near future.” writes the ICN.com Analysts.
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Germany: Annual Industrial Production drops 1% in December

On an annual basis German Industrial Production s.a. w.d.a. fell by 1% in December, following a 2.9% drop in November, according to data released today by Destatis.
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