Scotia Bank report 20 – June, 2013

ScotiaBank

According to the market commentary from Scotia bank report, the yellow metal watch a rise after the mortgage number which came weaker than expected. The precious metal had opened the trading session yesterday at $1370 USD/ Ounce and then, it starts to improve to be traded at the level $1375 USD/ Ounce for the end of the session. After the announcement of the Fed,  we watched a stray trading in the market leaded to the decline of the precious metal.

Technical commentary according to Scotia bank report, The precious metal ended at the level of $1374 USD/ Ounce, in which gold prices by the end of the trading session yesterday, made a resistance level at $1346 USD/ Ounce.

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