Scotia Bank Daily Gold Market Watch issued in June 17


Market commentary – By the end of the trading session, gold price settled at $1379.50 USD/ Ounce of gold while it started the trading session at $1383.00 USD/ Ounce. This action took place in the market because of improvement in the global stock market.

Technical commentary – The precious metal had been fluctuate for the last 8 days. During the current trading, the gold only stuck in the down trend which is between the level of $1366 USD/ Ounce (bottom of trading level) and $1441 USD/ Ounce (top of trading level).

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