Gold prices reach $1330 for the first time in 10 months

Gold prices keep soaring this week and they are $170 up from the 2018 low despite generally strong dollar. The $1330 mark has not been seen since April as gold benefits from lower bond yields and rumours of central bank purchases. Looking at the chart, there is a very clear resistance zone between $1355 and $1365 while a support should be found at $1300.

Chart of the day - GOLD (13.05.2021)
Economic calendar: US data and Wall Street earnings
Morning wrap (13.05.2021)
Daily summary: Inflation spooks US equities
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