Commodities: Gold sideways, remains pressured under $1100 (The Forex Market)

Mar 25, 2010   //   by Admin   //   Scrap Gold Prices  //  Comments Off

FXstreet.com (London) – Gold bullion has consolidated in the past hours of trade after staging a a recovery from six week lows hit yesterday at around $1085. The precious metal currently trades sideways in a $5 range between $1090 and $1095. Price action should pick up in coming days as FED address on exit strategy is concludes and Europe proposed endorsment of Greek aid is concreted.

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