Standard Bank Daily Gold Price Analysis for May 13th

Standard Bank

The South African Standard Bank issued its analysis for the performance of gold prices in the commodity market for May 13th. The report focused on platinum supply.

The U.S. Commodity Futures Trading Commission (CFTC) data didn’t affect gold prices much. It derived the prices a little bit lower but the Asian physical buying support hold gold prices firm.

Gold ETFs continued liquidation for the 13th straight week, which pose a threat to the gold bulls.

Gold support is at $1,411 and $1400, while $1,455 and $1,480.

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