Gold fell on Tuesday, with the recovery of the dollar and the rise in global equities, but uncertainty about the timing of the lifting of US interest rates kept the precious metal, not far from the highest level in seven weeks above $ 1,200 an ounce
Gold scored its highest level since February 17 at $ 1224.10 an ounce on Monday, supported by the dollar decline after weak US jobs data fueled expectations that the Federal Reserve (Fed) may delay lifting expected to benefit this year.
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Technically: Fell precious metal today to $ 1207 levels after the summit record at $ 1224.10 levels, where it is possible that the cover price gap left behind by the stems up to $ 1235 levels and maximum landing we expect it will be at the rising trend levels Frame Daily at levels $ 1,200 per ounce and we still expect more of the Ascension at 1235 levels, states and then $ 1,300 levels in the medium term


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