GB: Gold prices begin the new rally of growth today
Gold prices today are looking for a new point of support
In brief: Gold prices grow at a minimum level of support. Consumers are confident in the future incidence of gold.
Gold prices continue to rise to the point of support in 1250 dollars per ounce. In the cash market of precious metals in the London spot price of gold for her morning fixing (AM Fixing) now exceeded the level of 1,240 dollars per ounce, having increased by 0,6%.
Price AM Fixing today was 1,243.00 dollars per ounce, while remaining well below its historic high 1,259.50 dollars per ounce, made two days previously. Regarding the previous trading day price of gold in London today rose by 7.75 dollars per ounce, correcting the current prices of futures market. So, today in the electronic trading system of CME GLOBEX prices for transactions with active futures on gold (August) are kept in the range 1238,9-1245,9 dollars / ounce. Here’s what the prices of the morning and evening fixing for gold in London for the previous five trading days (U.S. $ / ounce): – June 22 – 1235,25 (AM Fix), 1236,00 (PM Fix); June 21 – 1259,50 (AM Fix), 1254,50 (PM Fix); – June 18 – 1244,00 (AM Fix), 1256,00 (PM Fix); – June 17 – 1234,50 (AM Fix), 1245,00 (PM Fix); – June 16 – 1235,50 (AM Fix), 1234,50 (PM Fix).