FXstreet.com (Barcelona) - Gold price opened the Asian session at $1,176.80 on a $1.40 downside gap which was filled up after encountering support at $1,176.00 (intra-day low). Previous close on Friday settled at $1,178.20.
The precious metal was sent $3.5 higher topping at $1,179.50, although lack of enthusiasm to break new 2010 highs forced the price to retreat timidly.
At the moment, the price is centered at $1,177.00 in a narrow range which has been forming over the past 4-5 hours. Looking back at April numbers, gold gained $65 to post its biggest performance since month of November 2009.
