Bullion spikes above $1,280 level on Monday

Source: WBP Online
© FP
Gold surpassed its $1,279.20 resistance level and traded at $1,282.80 by 7:30 GMT on Monday. Surpass of this resistance indicates, that Gold could move towards $1,285 and afterwards $1,300 levels. This week markets will watch the Federal Reserve minutes, CPI and industrial production releases, as this data will influence the Buck and subsequently gold.
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