Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Recent optimism “making gold’s safe haven properties redundant”

Posted on 12 February 2013

U.S. dollar gold prices fell to a one-week low Monday morning in London, dropping to $1,660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday.
“We are neutral [on gold] until the current consolidation resolves itself,” says the latest technical analysis report from bullion bank Scotia Mocatta. Silver fell to $31.27 an ounce — its lowest level in nearly two weeks — while stocks were broadly flat and commodities edged lower as the Dollar strengthened………………………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031