FXstreet.com (Barcelona) – Gold price has been grinding slowly lower in Asia. The precious metal opened at $1,158.00 to peak in the next hour at its highest level so far at $1,160.00. However, a bearish spike has taken the value of gold nearly $7 down to bottom at $1,153.00. Gold now picked up over $2 quoting at $1,155.00.
The minor corrective downside move occurs after “Gold” attractiveness as safe haven is on the rise once again mainly weighed by sovereign debt in Greece. The value of an ounce rose over $70 in the last 3 weeks. Some experts suggest recent robust macroeconomic data may have been already anticipated and priced on gold value.
