Tuesday
Mar012011
Gold Back to New Highs?
Tuesday, March 1, 2011 at 10:06AM Gold is currently up slightly more than $14 on the day and is trading at $1,424/ounce. This level would mark a new closing high for the metal, but it's still about $7 below its intraday high of $1,431.10 reached on December 7th, 2010. Gold struggled in January, but it completely reversed its 2011 losses in February. At the moment, the metal basically sits right where it was at the start of the year two months ago. What it does here as it tests key resistance could impact the direction it takes for the next two months.
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Reader Comments (1)
My Tradestation charts show GC's intraday high on Dec 7th at 1433.50, not 1431.