U.S. gold futures went up about 0.1% to $1,204.4 per ounce.
On Tuesday Gold prices got higher while traders lost their yellow metal appetite after the precious metal dropped to over a 30-day low, and pressed down by a powerful USD. Spot gold was up about 0.28% at $1,204.20 per ounce touching its deepest level since October at $1,199.74 earlier in the trading session. Ronald Leung, a chief dealer at Lee Cheong Gold Dealers said “It’s been some time that we have seen this level, so we are seeing some buying here," "However, a stronger dollar has capped the market."
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Daily Analysis - 13/11/2018