FX & CFD trading involves significant risk
Gold prices fluctuate, and have been able to consolidate below $ 1,650 per ounce, which is associated with low trading volume, as many investors prefer to remain on the sidelines in the run-up G20, to be held at the end of this week and is expected to shed light to the current monetary policy. And to reduce the volume of influence is that many Asian markets closed for the Lunar New Year.
Analysts also note that gold prices have suffered from technical pressures that contributed to the fall to $ 1,638.82, which is the minimum value in the last month. However, analysts expect prices may recover slightly in the next few sessions, as many investors are closing their positions.
February futures price of gold on COMEX today dropped, and now is up to 1645.60 dollars per ounce.
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