Gold has recovered from its weekly minimum

Gold rose yesterday after it had reached its lowest value for nearly a week ago. The rise of the precious metal followed the drop of the dollar against other major currencies. Still, gold is headed to its first weekly decline in six weeks.
The spot price of gold added 0.1% to its value to a level of $1,328 per ounce. Earlier in the day, the metal reached the lowest value of $1,323.7 per ounce.
Gold futures with delivery in February declined by 0.8%, marking their worst performance since December 7, following the appreciation of the dollar at its three-year low.
For other precious metals, silver was traded at levels of $17.05 per ounce, while palladium lost 0.6 percent of its value to $1,108 an ounce.
Platinum added 0.3% to $1,000 per ounce.

Gold fell after the ECB meeting

Gold lost ground during yesterday trading, after the ECB left interest rates unchanged. The spot price of the precious metal fell by 0.6 percent to 1337.40 dollars for an ounce. Futures for deliveries in December retreated to 1341.60.
Important resistance level for the gold is the area around 1352. The first major support is 1327 dollars.
Platinum fell by 0.6 percent to 1078.20 dollars for an ounce, after on Wednesday failed to reach a 2-week high. Palladium retreated by 0.25 percent to 685.25 and the silver is down by 0.90% to 19.58 dollars for an ounce.
Oil prices rose to 47.60 dollars for a barrel after data on oil stocks in the US. For the week to September 3 stocks fell by 14.5 million barrels. Preliminary estimates of economists was for growth by 0.6 million barrels.