Gold rises as metal breaks out above point of resistance at $1,480, technical analysts says
Monday, 23 December 2019 20:25 WIB |
PRECIOUS METALS |SILVEREMASGOLD
Gold prices climbed on Monday to begin a shortened week of holiday trade that has taken the precious commodity above a level of technical resistance that could signify further gains ahead, strategists say.
Gold for February delivery on Comex picked up $5.80, or 0.4%, to trade at $1,486.40 an ounce, after posting a 0.02% weekly decline on Friday. March silver tacked on 17 cents, or 1%, to trade at $17.39 an ounce, following a 1.25% weekly gain at last Friday's settlement.
In other metals trading, January platinum added $5.60, or 0.6%, at $919.40 an ounce, after a weekly fall of 1.6%. March palladium advanced $19, or 1.1%, to $1,827.90 an ounce, after marking a weekly decline of 4.4%.
Source : MarketWatch