Gold Silver Reports – Technical Report: In my last Gold Weekly Technical Outlook we noted that prices were, “poised for a reversal off the yearly high-week close and leaves the risk lower heading into the April open.
Spot Gold
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Gold Trade in Tight Zone Above $1290 ahead of US Data
After gaining around $5 on Tuesday, the XAU/USD pair is staying relatively calm on Wednesday as the upbeat market sentiment doesn’t allow the precious metal to take advantage of the broad USD weakness. As of writing, the pair was virtually unchanged on a daily basis at $1292.50.
Spot Gold Blast – Gold Near 3 Week High – Happy Holi – Bura Na Mano Holi Hai.
Spot gold gained 0.3 percent at $1,316 per ounce as of 0114 GMT, after touching its highest since Feb. 28 at $1,319 in the previous session.
Spot Gold Needs a Break $1313 For Target $1321—$1330
Gold is reporting moderate gains at press time, possibly tracking the weak tone in the greenback ahead of the Fed.