Stock Data with Pen Image
Markets

Gold catches a quick bid in safe haven rally

Gold jumps $7 to $1227

Gold just made a quick move to $1227 from $1220 as it ran stops above Monday and Thursday's highs.

There has been a growing demand for bonds and gold as oil prices break below last week's low. Month-end flows are also likely part of the equation.

The main near-term feature on the gold chart remains last Wednesday's $30 drop. There isn't much near-term resistance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos