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Gold and silver open the week lower
Gold and silver prices declined in early trading at the start of the week, pressured by selling due to rising U.S. stock indexes. Gold for April delivery fell by $38.30 to $5,022.90. Silver for May delivery dropped by $1.98, settling at $79.375.
[Source: Kitco news]
Gold trims gains, but support at $5,000 holds
The spot gold price trimmed its gains in today’s trading, sending the yellow metal into losses for the second consecutive week. The slowdown in the dollar and oil allowed the safe-haven asset to catch its breath, with the $5,000 per ounce support level still holding firm.
[Source: Kitco news]
Gold consolidates above $5,100
The safe-haven asset faced a day of corrections, settling above $5,100 per ounce. This strengthening was useful for relieving pressure from short-term support, even if there is still no concrete upward momentum. Precious metals are moving in a market of decreasing volatility, although the risk of upsetting the balance remains high.
[Source: Milano Finanza]
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