Gold Price Today Climbs, Putting Metal on Track for 1.3% Gain in April

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The gold price today (Friday, April 28) is up 0.1% to $1,267. While that puts gold on track for a 1.3% gain in April, it caps off what has otherwise been a poor weekly performance.
Earlier in April, gold prices pushed through the resistance level, and now they seem to be retreating.
In the gold futures market, that showed up as a sharp rally from $1,257 to $1,288 during the week ended April 14, but it was on little more than average trading volume.
I told you to expect another test of the $1,260 200-day moving average, and that’s exactly what we got this week.

This post was published at Examiner by Peter Krauth ‘ April 28, 2017.