Recent disappointing US economic data and Ukraine uncertainty have encouraged investors to seek the safety of gold

Singapore (Apr 14)  On Friday, Gold prices traded slightly higher against the USD in the period ending 21:00GMT, at 1318.42 per ounce. Data from India, world’s second largest importer of gold, showed that gold and silver imports to the nations dropped 40% to $33.46 billion in 2013-14. However, the latest batch of upbeat US economic data and a stronger US Dollar kept the commodity’s gains in check.

In the Asian session, at GMT0300, Gold is trading at 1326.73, 0.63% higher from Friday’s close, as mounting geopolitical tensions in Ukraine lured investors to the safe-haven appeal of the metal.

Gold is expected to find support at 1314.95, and a fall through could take it to the next support level of 1303.17. Gold is expected to find its first resistance at 1333.86, and a rise through could take it to the next resistance level of 1340.99.