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The following chart provides a update on the current 24h spot price of gold. Chart and commentary to follow ~
From Businessday:
LONDON - Gold firmed and held above $800 an ounce today on a weak dollar and firm oil price, while on the technical charts the precious metal was seen going higher, analysts said.
"The risks are still on the upside short-term," technical analyst Karen Jones at Commerzbank said.
Spot gold rose to $802,35/802,95 an ounce from $799,80/800,50 late in New York, when it gained about $6 on a tumbling dollar and near-record crude oil.
Gold had been trading in a narrow range in the previous session, consolidating the moves higher seen earlier this week.
This chart should update automatically throughout the day so be sure to check in often.
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The following broadcast is an Executive Address conducted with Chapleau Resources President & Director, Mr. Ian Gendall