Gold Futures Stalling At Critical $1200 Level For Second Day In A Row

April Gold futures are trading lower by $3.60 at $1194.30 per ounce in Tuesday's session. For the second day in a row, the contract is finding sellers at the psychological $1200 resistance level. On Monday it peaked at $1201.40 before falling back to post an eleven month high close of $1197.90. In today's session, it has peaked ahead of that high, only reaching $1199.30 and has backed off the mid $1990 handle.