এখন থেকে আমরা Elev8

আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

Gold jumps to fresh highs above USD 1207/Oz

FXStreet (Mumbai) - Gold prices on Comex extends its upward moves and reached fresh session highs beyond USD 1200 levels as a weaker US dollar across the board coupled with tumbling global equities continue to drive the gains in the yellow metal.

Gold firms above USD 1205

Currently, gold trades 0.74% at fresh session highs near 1207 levels, bouncing-off day’s low at 1197.10. Gold prices accelerated gains after yields on both longer and shorter duration US treasuries fell further by -1.60% and -3.37% respectively which raised gold’s appeal as a higher yielding asset. While plunging global equities also contributed to the upside in gold prices.

Meanwhile, the US dollar index which measures the relative strength of the greenback against a basket of six major currencies trades lower by -0.61% at weekly lows near 97.28 levels. Gold prices now await key set of US economic releases due later in the day for further momentum.

Gold Technical Levels

The metal has an immediate resistance at 1209.30 and 1212.50 levels. Meanwhile, support stands at 1200 levels below which doors could open for 1197 levels.

Another record low for German 10-year bond yield

The 10-year yield in Germany fell to a fresh record low of 0.068% on Friday as the safe haven Bunds continue to attract safe haven flows on an increasing threat of Greek default.
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