USD 75.1941

+0.27

EUR 88.6313

-0.23

BRENT 43.07

-0.3

AI-92 43.26

-0.12

AI-95 47.43

+0.07

AI-98 53.19

+0.01

Diesel 47.48

+0.04

75

Gold: Sudden Sharp Plunge

US gold futures leaped back to their lowest level in a week

US gold futures leaped back to their lowest level in a week on an intraday basis, with the April contract ending down $3.70 to $433.90 an ounce on the New York Mercantile Exchange.

Despite the fact that on Monday god reached its 2 months high, yesterday?s sharp slump was not unexpected.

James Moore of TheBullionDesk.com said he sees support for gold in the range of $430 to $438 and believes the market "continues to favor a test toward $440 to $445."

However, Dale Doelling, chief market technician of Trends In Commodities, was more circumspect about the short-term outlook. He said that April gold "may need to test the support area at $430.50 before rallying further.?