Gold

Gold is trading below the $4,500 resistance area, with prices likely to move sideways between this resistance area and the $4,300 support area in today’s trading.
|
Support |
4300 | 4175 |
| Resistance | 4500 |
4625 |
Gold rose, supported by a weaker dollar after the sharp rally in the Japanese yen, which boosted demand for the precious metal and pushed spot gold up 0.5% to $4,430 an ounce, while futures held near $4,475. Silver also rose to $66.79 and platinum advanced to $1,838, while the dollar index fell to 98.76. However, gold’s gains remained capped amid persistent energy inflation risks and as markets awaited U.S. inflation data this week to determine the direction of upcoming rate expectations.
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