Daily Gold Comment – 2nd July 2012
Gold Spot Snapshot
| R3 | R2 | R1 | P | S1 | S2 | S3 |
| 1659.0 | 1631.2 | 1617.4 | 1589.6 | 1575.8 | 1548.0 | 1534.2 |
The global markets cheered the EU decision to ease the bailout rules for banks and the feel good factor also sparked a sharp recovery in precious metals. As the risk appetite made a comeback, gold prices gained $46.26 to $1597.43 even breaking above the $1600.00 mark briefly.
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