MTECHTIPS

MTECHTIPS:-Gold aims for $1800 levels this week as China returns

Global gold prices may try to reach $1,800 an ounce this week with Chinese market participants returning from a week-long holiday. This is after the yellow metal missing its chance to break $1,800 an ounce level this week.Global gold prices were down on Friday and mixed last week. The most-active December gold contract on the Comex division of the New York Mercantile Exchange settled $1,780.80 an ounce, up 0.39% on the week The Comex December futures peaked at $1,798.10 an ounce on Thursday last week, their strongest level since Feb. 29. Spot gold has been as high as $1,795.90, its strongest level since last November.Comex gold dropped just shy of hitting the $1,800 an ounce mark last week, as profit-taking set in following an as-expected September U.S. employment report.