Sunday, January 5th 10:49 AM IST

Monex Precious Metals Review: Gold rises to 1240, Silver to $20.20

# monex gold  # silver  # platinum  # palladium  

Monex spot gold prices opened the week at $1,204 . . . traded as high as $1,240 on Friday and as low as $1,183 on Tuesday . . . and the Monex AM settlement price on Friday was $1,239, up $35 for the week. Gold support is now anticipated at $1,236, then $1,202, and then $1,180 . . . withresistance anticipated at $1,24

CALIFORNIA (Bullion Street): Precious metals complex witnessed uptrend in the beginning of 2014 after news of Fed tapering in mid-December sent the complex into a declining trend.

According Monex, Monex spot gold prices opened the week at $1,204 . . . traded as high as $1,240 on Friday and as low as $1,183 on Tuesday . . . and the Monex AM settlement price on Friday was $1,239, up $35 for the week.  Gold support is now anticipated at $1,236, then $1,202, and then $1,180 . . . withresistance anticipated at $1,240, then $1,264, and then $1,300.

Silver
Monex spot silver prices opened the week at $19.60 . . . traded as high as $20.20 on Friday and as low as $18.75 on Tuesday . . . and the Monex AMsettlement price on Friday was $20.20, up $.60 for the week.  Silver support is now anticipated at $19.96, then $19.55, and then $19.25 . . . andresistance anticipated at $20.53, then $21.47, and then $21.83.

Platinum
Monex spot platinum prices opened the week at $1,361 . . . traded as high as $1,416 on Friday and as low as $1,351 on Tuesday . . . and the Monex AMsettlement price on Friday was $1,413, up $52 for the week.  Platinum support is now anticipated at $1,403, then $1,376, and then $1,358 . . . andresistance anticipated at $1,421, then $1,439, and then $1,465.

Palladium
Monex spot palladium prices opened the week at $713 . . . traded as high as $733 on Friday and as low as $709 on Tuesday . . . and the Monex AMsettlement price on Friday was $729, up $16 for the week.  Palladium support is now anticipated at $723, then $717, and then $700 . . . and resistanceanticipated at $736, then $754, and then $762.
Courtesy: Monex.com

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