| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Fundamental analysis for precious metals gold - 5/7/2008
The shiny metal climbed to the upside yesterday after breaching the major level at 874.30 reaching to the major resistance level at 882.70 the highest point; when the US dollar gained back some of its strength the bullion retreated in the US session to close at 876.65; while today we expect to see the bullion trading calmly in narrow ranges with expectations to climb back to the upside.
The trading range is among the key support level at 835.00 and the key resistance level at 911.00.
The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.
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