Forex | Forex | Gold Rallied For Another Day But Shy Of 1000 (04/09/2009 05:08:41)

Gold Rallied For Another Day But Shy Of 1000

Gold's rally accelerated after breaking through technical resistance. The benchmark contract surged to as high as 999.5, the highest level since February, before closing at 997.7. The precious metal jumped more than +4% over the past 2 days. Silver made a new year-high at 16.31 Thursday before settling at 16.29, +6%. The white metal gained over the past 4 days and will probably rose +8% this week. Today in Asia, profit-taking is seen. Gold and silver retreat to 991 and 16.06 respectively.


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