Gold jumps to $1400/oz

FXstreet.com (Córdoba) - The yellow metal saw a quick jump during the American session, adding over $30 /oz in a matter of minutes, without a clear catalyst.

Gold for June delivery jumped to a high of $1400 an ounce before finding resistance and it is currently trading around $1383 an ounce, where it records a 1.4% gain after a 7-day losing streak.

Gold prices have fallen more than 7% in May, following April's loss of 7.8%, and scored a 1-month low of $1338 earlier on the day.