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Commodities Briefing - Categorized | Bullion/Gold, Futures and Options, Price Watch more

Options expiry “could move gold price towards $1800″

Posted on 28 November 2012

The Gold Price dipped back below $1750 per ounce Tuesday morning, though it remained near to last week’s close, as stock markets recovered losses following news of a deal on Greece’s debt burden. “We continue to be bullish so long as gold holds above the $1705 low from mid-November,” says the latest technical analysis from Scotia Mocatta.
Over in New York, the difference between bullish and bearish contracts held by Comex gold futures and options traders, the so-called speculative net long, rose for the second week running in the week ended last Tuesday, data published last night by the Commodity Futures Trading Commission show………………………………………..Full Article: Source

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