Gold rises to USD 1210 ahead of the US jobs data
New York (Dec 9) Gold prices rose slow and steady during the European session to hit the USD 1210 mark ahead of the US Jolts job opening data slated to release today at 15:00 GMT.
Gold now trades 1.39% higher at USD 1211.30/Oz levels. The metal recovered from the lows on the back of a correction in the US dollar index and due to the risk aversion in the financial markets across Asia and Europe. The major European equity indices have weakened by more than 1% today, while the dollar index has weakened 0.47% to trade at 88.77 levels.
Meanwhile, the investors also await Jolts Job openings data for October, which is likely to come-in at 4770, against the September’s print of 4735 levels. Though not widely followed, a surprisingly strong or weak data will affect Gold prices accordingly.
Gold Technical Levels
Gold has an immediate resistance located at 1215, above which gains could be extended to 1223 (100-DMA). Meanwhile, support is located at 1198 (50-DMA & 5-DMA) and 1194 (10-DMA).
Source: FXstreet









