Gold prices moved higher on Tuesday for the second consecutive trading session testing resistance levels. This comes as the dollar was nearly unchanged, and US yields remained stable. Bitcoin prices, which have been on a tear and been experiencing a safe-haven bid instead of gold, eased. The labor Department reported that US productivity increased at a less than expected rate while unit labor costs plunged.
Gold prices rebounded continued to trend higher, testing resistance near the 50-day moving average at 1,879. Support is seen near the 10-day moving average at 1,824.
KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.