FX: Commodities Gold well supported north of $1120
FXstreet.com (London) - Gold was able to build in Asian trade assembling further gains before topping out at around $1127.50. The precious metal has since drifted to around $1123, and has been consolidating around this level in the past few hours trade. Price has held this level, strongly supported at $1120, gold position as the insurance policy and inflation hedge has boosted its level with the ongoing Greece problems.
The yellow metal currently quotes at $1123.78 mid, and is trading a narrow range between $1124.30 and $1122.75 ahead of any macroeconomic cues.
