Gold Climbs to Six-Week High

Buoyed by an easing U.S. dollar and physical buying in Asia. Technical buying pressure was also behind gold's advance yesterday.the 1208/5 zone stands out as an obvious resistance. However, if the bulls run out of steam and fail to convincingly push prices above 1190.50, the market will return to 1184/2 region. Dropping through 1179/7 opens up the risk of a move towards 1173/0. The bears will have to drag the market back below 1170 so that they can make an assault on 1165.