Gold rises more than 1% with the continued rise of the euro

Gold price technical analysis 30 - May, 2013

Gold prices rose more than one percent on Thursday, with the continued rise of the euroagainst the dollar, the growing appetite for risk, as investors bet on the success of Greece in the complete exchange of the bonds needed to avoid default.

The precious metal broke through resistance at  1700 USD/Troy an ounce (an ounce) to touch1703.16 dollars an ounce, while the rose gold futures to 1704.80 U.S.D/ Troy an ounce.

Spot gold rose one percent to 1701.23 USD/Troy an ounce by 0939 GMT time.

And rose gold for April delivery 18.10 U.S. dollars to 1702.10 USD/Troy an ounce.

Gold will rise more, a small advice for investors buy more gold