Gold Remains Firm Despite Improved Market Sentiment

Stocks fluctuated in the European session after a strong Asian session a Germany reiterated it would not accept issuance of Eurobonds. Commodities traded narrowly so far today but oil prices softened slightly. The front-month contract for WTI crude oil price slipped below 85 after rising to a 5-day high of 87.37 and settling at 85.35 last Friday while the equivalent Brent crude contract moved steadily after around 108. Gold gained supports at around 1725/30, suggesting robust demand for safe-haven assets.

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Gold Remains Firm Despite Improved Market Sentiment