20 December 2013The U.S. Comex gold futures plunged 3.35% to $1,193.60 on Thursday after the Fed has announced a small tapering on Wednesday. This was the largest percentage decline since 26 June.
16 December 2013The bears failed to hit home below previous low as the bulls look set to defend key area and build further support above the psychological level at $ 1200. As long as gold trades above $ 1200, there is a chance for a corrective move higher
13 December 2013In the past two days, the U.S. Comex gold futures tumbled 2.87% to $1,224.90 after surging earlier in the week. During Asia’s Friday morning, the gold futures rebounded about three dollars.
11 December 2013The U.S. Comex gold futures staged a rally of 2.18% on Tuesday to end at $1,261.10. The jump was the biggest percentage rise since 17 October. The CRB Commodities Index also jumped 0.76% this week.
09 December 2013The inevitable seems possible now given several rounds of positive data from the US and EU economy. Investors are starting to warm up to the propaganda that all is well in the new normal and literally everyone believed that they are getting better off.
06 December 2013Despite continued talks on tapering, the equity market is not ready to dive head first. Mass buying continues as the hot money from central banks work their way to all time high.
06 December 2013After a brief short-covering rally of 2.16% on Wednesday, the U.S. Comex gold futures dropped 1.23% on Thursday to $1,231.90 and fell a further 0.5% during Asia’s Friday morning.
04 December 2013The U.S. Comex gold futures declined 2.38% this week to $1,220.80 on Tuesday. The price touched $1,214.60 earlier in the day after a plunge of 2.29% on Monday. Year-to-date, the gold futures suffered a loss of 27%
02 December 2013Gold bulls are facing uphill struggle given the low volume and interest in holding safe haven assets. Hedge Fund managers continued to push and divert investment into the equity market where promises of bigger return can be seen.
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