30 April 2014The U.S. Comex gold futures have dropped 0.35% this week to $1,296.30 ahead of the FOMC meeting. Month-to-date, the futures have climbed about one percent after plunging 2.89% in March.
30 April 2014An increase demand of precious metals in Asia is of no surprise. With a much stronger economy where global leaders will have to learn to accept, China holds a growing number of wealthy individual.
25 April 2014The U.S. Comex gold futures rebounded from a recent trough of $1,268.40 on 24 April to end at $1,290.60 on Thursday, down 0.26% for the week. During Friday Asia morning, the gold futures rose a further 0.12%.
23 April 2014After declining 1.90% last week, the U.S. Comex gold futures dropped another one percent week-to-Tuesday to $1,281.10. The price rebounded 0.30 percent during Asia Wednesday morning.
16 April 2014After reaching a recent peak of $1,331.40 on 14 April, the U.S. Comex gold futures have declined to $1,300.30 on Tuesday, a plunge of 2.05% on the day. Gold’s 200-day moving average was also breached, which has likely accelerated the stop-loss orders.
14 April 2014Should the yellow metal managed to garner more buying momentum; the next ideal target is the downtrend line at $ 1351. Only a break above that key resistance will allow the bull to extent the run higher.
11 April 2014The U.S. Comex gold futures jumped 1.12% to $1,320.50 on Thursday after falling 0.24% the day before. Week-to-date, the gold futures have risen 1.30% while the S&P 500 Index and the Euro Stoxx 50 Index have plunged 1.67% and 2.29% respectively.
09 April 2014After declining for two consecutive weeks, the U.S. Comex gold futures have climbed 0.75% last week, led by last Friday’s jump of 1.47%. In the past two days, the gold futures have rallied 0.43% to $1,309.10
07 April 2014The next solid support on gold should it break $ 1266 will be $ 1244 area. Failure to hold that will indicate further selling and a return to $ 1180. Unless it can break above the downtrend line
04 April 2014The U.S. Comex gold futures declined 0.48% to $1,284.60 on Thursday after rebounding 0.84% on Wednesday from a five-day decline. While the gold futures have declined 0.71% week-to-Thursday
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