Gold continues to grow
The first level in the case of confident growth is a 1910 dollars area per ounce. The breakdown of the bank metal resistance in the area of 1910 dollars per ounce, only increases long positions among market participants. The asset is within an upward trend. The US stock market has completed Tuesday’s bidding on the background of negative dynamics from the telecommunications sectors, utilities of oil and gas.
At the time of closing on the New York Stock Exchange, Dow Jones did not change towards the previous day, Having reached the on the eve of a 6-month minimum, the S & P 500 index fell by 1.01%. Gold, despite the drop in liquid securities kept in a positive way.
In February, the US consumer confidence index fell to 110.5 points compared with the revised 111.1 point month earlier, the Conference Board research organization was reported, which calculates this indicator. Analysts on average expected to reduce up to 110 points from the announced January January level in 113.8 points. Reducing confidence in the Conference Board is explained by the amplification inflationary pressure, as well as the growing pessimism of Americans in relation to the prospects of the economy.