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- The price of gold rose above $ 1680
The price of gold rose above $ 1680
Gold prices rose sharply today, breaking the mark of $ 1680 per ounce, which was associated with the rally in the market shares and other commodities after U.S. data showed that the number of people employed in non-agricultural sector is moderately increased, following the revision of this index for December and November .
Rising prices for gold supported the euro against the dollar.
Note that earlier this week, the weaker-than-expected data on U.S. economic growth has also led to an increase in the value of gold.
This week, gold has increased in price by 0.9%, closing at the same time of the loss of 1.5%, which were reported last week.
From a technical point of view, strong resistance is at $ 1683, which is the previous maximum, and stronger resistance at $ 1,700, that the precious metal has repeatedly tried to overcome in the last month.
Meanwhile, data released today, the Istanbul Gold Exchange, showed that Turkey's gold imports rose to 11.27 tonnes in January from 2.96 tonnes a year earlier.
February futures price of gold on COMEX rose to 1670.20 dollars per ounce.
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