Tip:
Highlight text to annotate it
X
Hello my name is Chuck Dougherty and this is the Spot Gold Prices Daily Wrap-up.
The Spot Gold prices for Friday the 14th of March saw Gold prices opening at around $1,372.20.
As has been the norm for this year Friday was another good day for gold bull's seeing
highs we haven't seen in quite a few months. The US economic data released today was weak
and all this mixed data we have seen over the last few months for the US is really taking
a toll on the dollar index which took another beating on Friday.
While bad news for the dollar, good news for gold. Add in the beat up dollar index with
the rising tensions in the Ukraine over this weekend's vote and even more weak data from
China and you get a good day for gold. Right now gold is trading well above the 200 day
moving average and is seeing generally higher highs and higher lows which is a good sign
for gold prices for now at least. We saw the low of around $1368.00 in early
morning trading hours before heading to the high of around $1385.50 close to noon. From
there we ended the short trading day at around $1,382.00 which resulted in another nice gain
in the price of gold of around $9.80.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for March 14th, 2014.
Please be sure you subscribe and don't forget to comment and like us as well.
If you need more information on precious metals be sure you visit our website: WhereToBuyPreciousMetals.org
See you in the next Gold prices episode! Until then, take care.