Scotia Bank Daily Gold Market Watch issued in May 30


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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