Gold Settles $6.50 Lower Today… ($1101.70)

By Mike Daly
12 March 2010 @ 03:17 pm EDT

Today was a typical Friday trade. investors are having a difficult time deciphering all the global economic news. The fact that Gold is still trading over $1100.00 is truly amazing. The Euro has been under extreme pressure due to the debt crisis in Greece, Portugal, Italy, Ireland and Spain. This has investors flocking to the U.S Dollar. The Gold seems to trading within the support and pivot levels during the past week. Once again the Gold has been supported by Asian sector buying (primarily India) overnights.

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