Bullions traded heavily backed by the once again erupted Euro crisis where in The European Commission said it isn't in discussions with Portugal over a possible bridge loan giving certain weakness to Portugal.
Which got its rating cut by Moody's Investors Service for the second time in three weeks to Baa1 from A3, This move put the country at the same level as Ireland, Russia, Mexico and Thailand.
Gold made the all time high of $1452 where Silver topped till $39 with the domestic front rising till 21140 and 57400.
SPDR, the world's largest bullions backed ETF held its unchanged at 1211.229 tonns of Gold where as iShare, the world's largest Silver backed ETF increased its holdings by 25 tonns at 11162.45 tons of Silver.
After the crossing the $1450 level by Gold and $39 by Silver it now seems that next land mark will be $1480 and $41 but avoid taking huge positions at such a high level.
Gold: S1 20900, S2 20860, R1 21225, R2 21260
Silver: S1 57100, S2 56500, R1 57700, R2 58000
Source: www.commodityonline.com
Which got its rating cut by Moody's Investors Service for the second time in three weeks to Baa1 from A3, This move put the country at the same level as Ireland, Russia, Mexico and Thailand.
Gold made the all time high of $1452 where Silver topped till $39 with the domestic front rising till 21140 and 57400.
SPDR, the world's largest bullions backed ETF held its unchanged at 1211.229 tonns of Gold where as iShare, the world's largest Silver backed ETF increased its holdings by 25 tonns at 11162.45 tons of Silver.
After the crossing the $1450 level by Gold and $39 by Silver it now seems that next land mark will be $1480 and $41 but avoid taking huge positions at such a high level.
Gold: S1 20900, S2 20860, R1 21225, R2 21260
Silver: S1 57100, S2 56500, R1 57700, R2 58000
Source: www.commodityonline.com
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