Gold rallied to a five-month high on Tuesday, as investors waited to see
if the European Central Bank would launch a government bond-buying
program when it meets later in the week.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery hit a session high of $1,294.30 a troy ounce, the most since August 28, before trading at $1,292.90 during European morning hours, up $16.00, 1.25%.
A day earlier, gold tacked on $12.10, or 0.96%, to settle at $1,276.90.
Futures were likely to find support at $1,255.20, the low from January 16, and resistance at $1,297.60, the high from August 28.
Also on the Comex, silver futures for March delivery jumped 29.0 cents, or 1.63%, to trade at $18.04 a troy ounce, the highest level since September 19.
Read more Click Here / www.trade4x.net
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery hit a session high of $1,294.30 a troy ounce, the most since August 28, before trading at $1,292.90 during European morning hours, up $16.00, 1.25%.
A day earlier, gold tacked on $12.10, or 0.96%, to settle at $1,276.90.
Futures were likely to find support at $1,255.20, the low from January 16, and resistance at $1,297.60, the high from August 28.
Also on the Comex, silver futures for March delivery jumped 29.0 cents, or 1.63%, to trade at $18.04 a troy ounce, the highest level since September 19.
Read more Click Here / www.trade4x.net
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