Gold Regains Some Ground

http://newsdoors.blogspot.com/2012/12/gold-regains-some-ground.html

Gold Regains Some Ground

ON THE FINAL day before Christmas, gold prices edged higher Monday morning, climbing to $1665 per ounce and recovering some of the ground lost last week.

Friday afternoon's London gold fix was $1651.50 an ounce, a 2.6% weekly fall and the biggest weekly drop since June.

"[Gold's fall] opens up a move to the next major support, which are the lows in the $1520s," says Friday's technical analysis note from Scotiabank.

http://newsdoors.blogspot.com/2012/12/gold-regains-some-ground.html