Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in June 6th.
Gold opened the session today at $1,404.75/ounce then slide to $1,395/ounce. The yellow metal peaked to $1,423.25/ounce on the ECB news of continuing the current stimulus measures. Gold price eased to close at $1,415.50/ounce.
On the technical side, gold current price ups was contained at $1,424 on the Fibonacci indicator. The still intact bearish downtrend is weakening, and bullish one is forming slowly.
Gold-silver ratio was at 62.40.