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8 Jan 2015
Gold gains in EUR terms
FXStreet (Mumbai) - Gold prices gained strength in EUR terms as investors flocked into the safe haven asset amid fresh geopolitical tensions arising out of horrific terrorist murders in Paris yesterday.
Gold in EUR terms of XAU/EUR pair currently trades 0.21% higher at EUR 1025.23/Oz levels. The terrorist attacks of Wednesday have put France on high alert. This has weakened the overall sentiment pushing the EUR/USD well below 1.18 levels for the first time in nearly a decade. Moreover, the economic malaise along with geopolitical tensions has pushed investor money into Gold in Eurozone.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1026.54, above which prices could re-test 1030.02 levels. Meanwhile, support is seen at 1020.00 and 1018.00 levels.
Gold in EUR terms of XAU/EUR pair currently trades 0.21% higher at EUR 1025.23/Oz levels. The terrorist attacks of Wednesday have put France on high alert. This has weakened the overall sentiment pushing the EUR/USD well below 1.18 levels for the first time in nearly a decade. Moreover, the economic malaise along with geopolitical tensions has pushed investor money into Gold in Eurozone.
Gold (EUR) Technical Levels
The immediate resistance is seen at 1026.54, above which prices could re-test 1030.02 levels. Meanwhile, support is seen at 1020.00 and 1018.00 levels.