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Metals stabilize for now as Chinese concerns abate; data nudges gold lower

Posted on 26 June 2013

Metals across the board showed some signs of stabilizing, at least temporarily, Tuesday morning in response to assurances from Chinese authorities that they are providing some liquidity into the financial system and also seemingly more dovish comments from some Federal Reserve officials.
Still, gold flipped from modestly higher to lower when a slew of U.S. economic data came out stronger than forecast, reminding the market of the potential for the Fed to taper its asset-purchase program known as quantitative easing………………………………………..Full Article: Source


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