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Hello my name is Chuck Dougherty and this is the Spot Gold Prices Daily Wrap-up.
The Spot Gold prices for Sunday the 16th of February saw Gold prices opening at around
$1,319.00.
More trouble for the dollar over the weekend as it dipped to the lowest point since the
start of the year and continued strong buying out of Asia helped to keep the gold rally
going. Just like on Friday it was mostly all upwards for gold prices seeing a high price
of around $1,326.50. From there we ended the short trading day at around $1,325.10 which
resulted in another gain in the price of gold of around $6.10.
The gold bull's need to keep driving the price up while they have the momentum in order to
bust through the next big resistance level of $1350 before the momentum fizzles out and
they are back on the defensive.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for February 16th, 2014.
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See you in the next Gold prices episode! Until then, take care.