Gold firm to start the week in Asia
Gold futures are trading higher in the early part of Monday’s Asian session as traders in the region contemplate the notion that the Federal Reserve may not move quickly to wind down quantitative easing in the wake of a slack March U.S. jobs report.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.03% to USD1,576.35 per troy ounce in Asian trading Monday. Gold prices were likely to find support at USD1,539.85 a troy ounce, the low from April 4 and an 11-month low and resistance at USD1,604.25, the high from April 2.
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