31 July 2013The U.S. Comex gold futures rose 0.52 percent on Monday before declining 0.33 percent to end at $1,324 on Tuesday, the day before the FOMC meeting. Year-to-date, the gold futures dropped almost 21 percent although the prices jumped 8.2 percent in July.
31 July 2013Starting from today till the end of the week, we anticipate the market to pick up more volatility as traders wait for more direction from the Federal Reserve meeting minutes, BOE and ECB press conference.
26 July 2013The U.S. Comex gold futures retreated 0.44 percent in the past two days and rose 2.78 percent for the week to finish at $1,328.80 on Thursday. Year-to-date, the gold futures have dropped 20.71 percent although the prices have rebounded 12.67 percent
26 July 2013A pullback in bullion prices are expected after a significant rebound rally – but the main question now is how far is the pullback? Investors are growing wary but nevertheless hopeful that gold will be able to confirm a bottom at $ 1180 area
24 July 2013The U.S. Comex gold futures surged 3.33 percent on Monday, the highest percentage change since 29 June last year. On Wednesday morning in Asia, the gold futures rose further and traded above $1,340.
23 July 2013Does the current breakout warrant higher prices or has the media overblown the potential for higher prices? We would like to take this opportunity to remind our readers that gold continue to trade in a bearish market environment.
22 July 2013Global equities consolidate its recent gains after rushing higher on the back of better than expected data from the US as well as the potential of no “septapering” by the Federal Reserve.
19 July 2013Meanwhile, we continue to see gold prices in a corrective rebound and the short sellers have managed to keep a tight lid on $ 1300.00 psychological area. Despite that, we expect that a price breakout is imminent and we could well see that happened today.
19 July 2013The U.S. Comex gold futures initially rose to $1,300 on Wednesday but dropped one percent for the day, erasing the earlier gain in the week. On Thursday, the gold futures rebounded 0.52 percent to end at $1,284.20
18 July 2013Chinese government officials signalled their intention that no additional monetary easing is in the cards. Commodities market remains subdued after the comment and investors book some of their profit.
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