Scotia Bank daily report 22 – July, 2013

ScotiaBank

According to Scotia Bank daily report, gold price started the trading session last friday at $1290 USD/ Ounce of gold then touched the level of $1288 to record at the end of the week $1293 USD/ Ounce of gold, the fluctuate came due to the weakness of the US dollar which was supported by the low gains of Microsoft and google.

From a technical point of view according to Scotia bank, the precious metal ended the trading week on a rise for the second week on a row to close at $1294 USD/ Ounce of gold.

the level of 1301 still providing a solid resistance for the precious metal.

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