Gold prices rebound in Asia

27.07.2015 / 05:42

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Gold prices rose smartly in early Asian session today. Investors saw profit after shock drop in gold

Gold futures for August delivery rose 0.91% to $ 1,095.90 an ounce.
Silver futures for September delivery rose 0.95% to $ 14.625 per troy ounce.
Copper for September delivery slipped 0.48 percent to $ 2.376 a pound.

Gold is under strong selling pressure in recent months amid speculation that the Federal Reserve will raise interest rates for the first time in nine years.
Expectations for higher interest rates are considered bearish for gold. Although gold breathed in today's session in Asia, continues to struggle with the bears, but forces at this stage reached levels around $ 1100. According to analyzers downward trend will continue, as some of them are more bold in its forecasts outlining levels below $ 1,000.00 a troy ounce.

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Gold prices rebound in Asia

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