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Commodities Briefing - Categorized | Bullion/Gold more

Wall Street betting against silver price

Posted on 18 June 2013

The U.S. dollar gold price drifted back below $1,390 an ounce Monday morning in London, but remained well within its trading range of the last few weeks, as European stock markets edged higher, with analysts citing Wednesday’s Federal Open Market Committee decision on U.S. monetary policy as “the big driver” for this week.
“On the whole, the market hopes for insightful comments in the course of the next Fed policy meeting…which will affect gold’s further development as well,” says a note from bullion refiner Heraeus………………………………………..Full Article: Source


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