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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Price Watch more

Gold bullion below $1750 as “futures momentum slows”

Posted on 16 October 2012

Gold Bullion traded in a narrow range below $1750 per ounce during Monday morning’s London session, after recovering some ground lost in Asian trading. “We traded through lots of stop [losses] this morning,” said one trader in Singapore, after gold began the week by dropping more than ten Dollars to $1742 per ounce, its lowest level in nearly three weeks.
Like gold, Silver Bullion fell in Monday’s Asian session, touching a five-week low before climbing to $33.33 per ounce by lunchtime in London………………………………………..Full Article: Source

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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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