Gold Drops As Dollar Strengthens, Still Trades Above $1200

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Feb 19, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Gold prices retreated on Friday set for a weekly loss as the dollar strengthened, but the metal still traded above the critical $1200 support level. The precious metal hit a bottom of $1220.71 an ounce, while currently trading around $1222.50 from the opening at $1230.43.[​IMG]

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