Gold hold steady ahead of EU session

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( Kitco News ) -Once again overnight gold (0.29%) managed to tread water above the support level at $1848.84 per ounce. The level still looks vulnerable for a break but at the moment bulls are holding off after Monday’s heavy decline. Silver has not been as firm as the precious metal trades -0.26% lower leading into the EU open. The sentiment was mixed overnight after the US public holiday. Japan’s Nikkei traded 0.68% higher while the ASX dropped nearly half a percent and the Shanghai Composite fell -0.11%.

In terms of news, the OPEC group are reportedly looking to extend current output cuts for another 3-6 months. Adding to this, Saudi Arabia’s Salman says has, and is still, […]

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