ND: Spot Gold rallies past $1,074, hits$1,079 high as Dollar eases
FXstreet.com (Barcelona) - Spot gold has broken upwards from the current week's trading range, rallying about $17 on the day from Asian opening levels around $1,062, to break above $1,073/74 resistance and hit session high at $1,079 as risk appetite improved weighing on Dollar strength.
The Dollar has lost weight across the board, as market sentiment improved on speculations of a EU bailout to Greece, and EUR/USD rose from day opening levels at 1.3655 ,to break above 1.3745 and hit session high at 1.3770, before pulling back to 1.3750.
Likewise, AUD/USD has rallied and from Asian session low at 0.8613, to break above 0.8710/25 resistance area (Feb 8/session high) and reach session high at 0.8765.
GBP/USD bounced at 1.5565 session low on European trade, and the pair rallied to 1.5650/65 resistance which so far, remains intact.
