Scotia Bank Daily Gold Market Watch issued in May 30

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Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in May 29th.

The trading session of gold opened at $1,390.50 and declined on USD gains to reach $1,383 then recovered on weaker equities to reach $1,393.50 and closed at $1,392. Gold prices gained 0.8% for the day, totaled an increase by 1.6% for the last 5-days.

The consolidation period continues, with a low at $1,339 from May 20 and a high at $1,414 from May 22.

Gold-silver ratio was at 61.92.

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