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Gold Price Today – September 20th, 2012
The gold price is holding firm over the last trading days. It especially remarkable we didn’t see a correction after past week’s rally. It seems we are going to close the week rather stable, after 4 consecutive weekly gains. Jesse writes today: “The line is being held as I said yesterday. 1800 is the next ‘first down’ marker for gold, if they can cross it and hold it. Silver *could* lead the way, but that might look more like a deep pass to midfield.”
Spot gold closed the NY trading session $1,767.90 an ounce, which is a slight loss of 0.1% over the day. Trading volume was light.
Gold prices at London PM Fix: $ 1758.50, £ 1086.70, € 359.38.
The additional chart of today shows the percentage growth of gold, silver, platinum & palladium over the last 60 days. It’s obvious how strong the rally has been so far and that silver has been leading the way (a sign of strength). Over the same period of time, the dollar has lost 5% of its value. It’s interesting to see that the dollar and precious metals prices started to diverge significantly as from mid August. Chart courtesy: ShareLynx.
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2012-09-21 11:05:27
Source: http://goldsilverworlds.com/gold-silver-price-news/gold-price-today-september-20th-2012/
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