Scotia Bank Daily Gold Market Watch issued in June 11th


Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in June 10th.

Gold opened the trading session at $1,382.50 reached a low of $1,375.50 then regained lost ground to be traded at $1,386.75 and close at $1,386.

Gold remained in range after Friday’s losses. The price movement was between the $1,373 down-support and $1,423 resistance. Even after the recent ups in gold, the 200 and 400 MA indicates the downtrend is still in continues with some sideways movements.

Gold-silver ratio was at 63.02

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