Fri, Nov 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold sees mild recovery after big sell-off

Posted on 29 November 2012

Gold prices staged a mild rebound Thursday in Asia on relief buying after they were slammed overnight over a host of concerns, disregarding for the moment optimism over the U.S. fiscal-cliff talks that boosted other risk assets.
The yellow metal’s December futures rose $4.50, or 0.3%, to $1,721 an ounce in electronic trading. The mild recovery followed a convergence of technical selling, deflationary concerns and U.S. dollar strength that sank December futures by $25.80 during Wednesday’s regular session on the Comex division of the New York Mercantile Exchange. The contract had slumped as much as $36.80 at one point………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38189 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30