30 August 2013The U.S. Comex gold futures fell 0.52 percent in the past two days but are still up 1.22 percent week-to-Thursday. The gold futures traded as high as $1,432.90 on Wednesday.
30 August 2013A healthy pullback in gold and silver bode well for the market. The spike higher on gold and silver with lack of follow through buying sets the ground for profit taking. Only a break of $ 1353 on gold will change the current uptrend
29 August 2013The prospect of an early end to the possible war in Syria looks deemed – similar to the prospect of stabilising emerging market economies. In times of geopolitical and economic uncertainty, safe haven assets shine while equity market faltered.
28 August 2013As the prospect of intervention by western countries into Syria war escalates, safe haven commodities are in strong demand. We have seen key commodities such as crude oil rising and prices remain well supported.
28 August 2013The U.S. Comex gold futures advanced for three consecutive weeks and have rebounded 20.4 percent since the trough on 27 June. This week, the gold futures were up 1.75 percent to finish at $1,420 on Tuesday.
27 August 2013Bullion products are in demand as investors sought for additional safe haven assets to help protect their wealth. There are various alternatives to protecting one’s wealth but bullion has become an integral part in every investor’s portfolio.
23 August 2013Gold managed to hold rather well on the release of the statement as it broke higher – trying to break $ 1380 but lack of follow through and dollar strength soon overcame. Sellers came in but more short covering eventually took over.
23 August 2013The U.S. Comex gold futures were flat on Thursday after dropping 0.18 percent on Wednesday when the July FOMC minutes were released. Gold prices were roughly unchanged week-to-Thursday although the gold futures traded up to $1,378 during Asia Friday...
21 August 2013After rising 4.47 percent in the past week, the U.S. Comex gold futures inched up 0.12 percent this week to $1,372.60 on Tuesday. From the recent trough on 27 June at $1,179.40, the futures have rebounded 16.4 percent although they are still down 18...
21 August 2013The quiet market with lack of interest and light movement is rather understandable given the high rate of anticipation of the FOMC meeting minutes. Traders who had long gold on technical breakout and corrective rally were reducing their exposure after...
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