Offers have emerged overnight with gold so far matching yesterday's low but with early closes in London and New York today and both markets shut tomorrow for Good Friday, traders are going to be reluctant to go home short given the heightened geopolitical climate.
More Quotes from James Moore:
The basic fundamentals for gold are looking very good.James Moore
Platinum should continue to find support ahead of 940oz with the metals supply deficit and strong industrial demand continuing to provide strong support while palladium is currently finding support at 240oz with strong chart support pegged at 220oz.
James Moore
Platinum still looks a little shaky short-term and has the potential to dip to the 100-day moving average at 935oz, while palladium could fall back to the 220oz area.
James Moore
Overall the prospect of a move higher looks increasingly likely, with prices set to clear the high of last year and push on towards 500 before the year is out,
James Moore
Short-term direction is still heavily dependent on the currencies, however, with the market set to trade sideways around 405-30 for a while as traders continue to weigh up the latest economic news from the U.S., Europe and Japan,
James Moore
Readers Who Like This Quotation Also Like:
Angelina came up, and as soon as we said hello, I thought, This is going to be great. I'm really going to love doing this with her. And I did. And then I was very excited to do the movie after that.Gerard Butler
It's almost a way of life. I know what makes me laugh.
Julian Clary
All my day is spent dealing with other people. When I come home I like it to be empty. The presence of others in my house kind of annoys me. I love coming home and shutting the doors. I feel brain dead. I'm relatively available, but not to live with.
Graham Norton