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- Gold trading again under USD1,200 after yesterday’s biggest one-day gain in a year
Gold trading again under USD1,200 after yesterday’s biggest one-day gain in a year
Gold, currently trading at USD1,198.20 a troy ounce is trading lower today, just below the important level of USD1,200. Yesterday the precious metal touched a daily low of USD1,142.40 after Swiss voters said no to the "Save Our Swiss Gold" referendum and then started the biggest daily climb in a year reaching a one-month high at USD1,221.00.
Today gold continues to be under pressure as the U.S. dollar strengthens and falling oil prices make an inflation-hedge via gold less attractive.
GOLD currently trading at USD1,198.20
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