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13 Mar 2014
AU attempting the upside $1,370 resistance
FXStreet (Guatemala) - The yellow metal has rallied to challenge the highs and making numbers of this weeks bull run from sub $1,330.00, again based upon the markets demand while tensions in Ukraine remain and the woes of China take the headlines.
The metal reach its highest point since September 19th this week post the EU agreeing conditions with Washington for sanctions in a stronger concern over the on going situation between Russia and Ukraine. Meanwhile China is continuing to slowdown putting an air of panic into investors, propping the yellow metal to make a mark on the area of safe havens. Meanwhile, we will see China reveal key numbers across not only the condition of its Industrial Production but its urban investment and retail sales later in the session on Asia for the month of January year on year.
The metal reach its highest point since September 19th this week post the EU agreeing conditions with Washington for sanctions in a stronger concern over the on going situation between Russia and Ukraine. Meanwhile China is continuing to slowdown putting an air of panic into investors, propping the yellow metal to make a mark on the area of safe havens. Meanwhile, we will see China reveal key numbers across not only the condition of its Industrial Production but its urban investment and retail sales later in the session on Asia for the month of January year on year.