The Euro gold price closed at $345.76 on on Friday the 3rd of June, a price not seen since the 11th of November 2004, when the price of gold in Euros was 343.221. The gold price was trading near $460 in U.S. Dollars at the time.
"The next resistance for gold in Euros is the April 2004 high at 347.446. If gold can breach that level in a convincing fashion, the major high near 351.50 is within reach. That is a big, big deal if that level can be broken." said Bill Murphy of Letropolcafe.com
James Turk of GoldMoney.com said "Is gold about to experience a cascading series of breakouts against the major currencies? It is possible, and the strength that we are seeing in gold’s price against other currencies – most notably the euro – is very encouraging, bullish news." James provides more charts and commentary on the break out of gold in rand and pounds here.
Historical Euro Gold Price Charts
1 year Euro Gold Price in grams
5 year Euro Gold Price in grams
10 year Euro Gold Price in grams
The charts above are from GoldMoney.com where
you can open a free account and buy gold in minutes.
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