- MarketPulse - https://www.marketpulse.com -

Gold Eases to $1205 after Super Surge

Gold slipped on Tuesday but retained most of the gains from its biggest daily jump in a year the day before as a rebound in oil prices and a weaker dollar burnished its appeal as a hedge.

Spot gold had dipped 0.3 percent to $1,206.30 an ounce by 0042 GMT, after gaining nearly 4 percent on Monday – its biggest one-day jump since September 2013.

The metal hit $1,220.99 in the previous session – its highest since Oct. 29, after dropping to $1,142.91 earlier in the day after Switzerland voted against a proposal to boost its gold reserves.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

marketpulsefxstaff

Latest posts by marketpulsefxstaff (see all [4])