As Wall Street stocks moved lower, gold prices continued to attract “safe haven” flows.
As mentioned in our earlier post, the yellow metal met technical resistance at the 30-day moving average price of $1230.00 last Friday.
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However, with global equities correcting from recent highs, the next key resistance level will be the February 27th high of $1263.00.
Similarly, shares of Newcrest Mining have broken above the 30-day moving average and now look set to test the February 23rd high at $23.45
