1 Jul 2015
Gold dips to lows near $1,170
FXStreet (Edinburgh) - Another drop in the troy ounce of the precious metal today, now heading towards session lows in sub-$1,170 levels.
Gold weaker on dollar
The strong re-emergence of the buying interest around the US dollar is driving prices for the yellow metal lower today. In addition, resilient hopes of an eventual deal between Greece and its EU creditors have been also plotting against any bullish attempt in prices, keeping buyers at bay.
Furthermore, the positive readings in today’s US releases, with both ADP report and the ISM Manufacturing surpassing expectations, added to the selling mood around the metal.
Gold significant levels
As of writing Gold is down 0.27% at $1,168.60 with the immediate support at $1,166.90$1,180 (high Jun.30) would aim for $1,187.60 (high Jun.29) and finally $1,209.00 (high May 25).
Gold weaker on dollar
The strong re-emergence of the buying interest around the US dollar is driving prices for the yellow metal lower today. In addition, resilient hopes of an eventual deal between Greece and its EU creditors have been also plotting against any bullish attempt in prices, keeping buyers at bay.
Furthermore, the positive readings in today’s US releases, with both ADP report and the ISM Manufacturing surpassing expectations, added to the selling mood around the metal.
Gold significant levels
As of writing Gold is down 0.27% at $1,168.60 with the immediate support at $1,166.90$1,180 (high Jun.30) would aim for $1,187.60 (high Jun.29) and finally $1,209.00 (high May 25).