47462
Gold Flat
Gold Flat

Gold Flat

Gold Flat

Gold remained little changed on Friday, hovering near lows touched in the previous session, as the dollar stayed firm on expectations of a rate hike by the US Federal Reserve this year, Reuters reported. Spot gold was flat at $1,338.07 an ounce. It ended down 0.6% at $1,338.39 on Thursday. The metal, however, was on track for a weekly gain. US gold slipped 0.4% at $1,344.1 an ounce. Spot gold may bounce moderately in a narrow range of $1,344-$1,349 per ounce, before retesting support at $1,335, as suggested by its wave pattern and a Fibonacci projection analysis, Reuters technical analyst Wang Tao said.

 

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