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

Gold rises, yet traders can’t agree on its next move

Posted on 13 March 2013

Gold had a rare banner day in trading markets on Tuesday, as a combination of short covering and hopes for more central bank easing sent the yellow metal to a two week high. Still, traders aren’t sure what’s next for bullion, which has taken a battering since the start of 2013.
Traders rushed to buy back gold after an European Central Bank official suggested monetary easing might continue. That weakened the euro and made bullion appear more attractive as an inflation hedge………………………………………..Full Article: Source


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