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

Gold prices experience a ‘v’ shaped bounce

Posted on 28 November 2012

For those taking close interest today (November 27, 2012) there was an interesting move in gold prices as the below chart shows. A ‘V’ shaped bounce of some $35.00 or so just before the close must have given a few gold bulls a real scare. Gold dropped briefly below $1720.00, so we can only imagine that someone has made a rather fortuitous purchase at this level.
However, if this sudden drop had occurred a few minutes later, then we would have had a dramatic closing price for today’s trading session in New York………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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