Gold touched $1,199 this morning. While support remains in place, there is strong resistance at $1,200. Physical buying
continues apace, and investment demand is strong. The SPDR Gold Trust ETF, the biggest gold-backed ETF, increased its
investment holdings by 2.13 metric tonnes yesterday. Gold support and resistance are at $1,166 and $1,200 respectively
today.
Tuesday, December 1, 2009
Gold touched $1,199 this morning
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