The gold market waffled around both sides of unchanged in the early Thursday US action but
ultimately the bull camp prevailed for most of the trading session….
The gold market managed to diverge with the rest of the metals complex this morning and even more
surprisingly gold managed to diverge with a number of physical commodity markets….
Gold is up yet again today. The precious metal is being traded at $1,390.85 this morning. As before, investors are still cautious as they don’t know how long this will last. Since the price of gold plummeted April 15th igniting spot losses across the country and then slowly gaining steam only to fall again. As… Read more
Gold fell for a third straight session after U.S. Federal Reserve Chairman Ben Bernanke hinted at
reducing an $85 billion bond-buying programme, which has increased the precious metal’s appeal as a
hedge against inflation.
Compiled 05/23/13 6:00 AM (CT) Statistics: London Gold AM Fix $1,386.00, +$0.75 LME Copper Stocks
623,875 tons -3,400 tons.GOLD MARKET FUNDAMENTALS: (6:00 AM CST) In a somewhat impressive reaction,
June gold prices overnight have returned to levels that are just…
The gold market showed some initial strength but it was clear that the trade was anticipating a
dovish Fed result and that they might have come away with a hawkish Fed result….
The gold market seemed to anticipate something supportive from the Fed’s Bernanke this morning as
prices were firm ahead of the actual testimony….
Gold is up yet again today, but investors are still cautious and for good reason. Gold increased a mere $6.50 this morning, but what are the chances that it will stay like this? Yesterday the price of gold increased for the first time ending an eight day losing streak. The precious metal which used to… Read more
Gold edged higher due to strong Chinese demand and after Federal Reserve officials allayed investor
concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
Compiled 05/22/13 6:00 AM (CT) Statistics: London Gold AM Fix $1,385.25, +$7.00 LME Copper Stocks
626,275 tons +2,750 tons.GOLD MARKET FUNDAMENTALS: (6:00 AM CST) June gold has started out on a
positive footing today, and that would seem to be the result of less…