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

Gold swings with silver after drop to lowest since August 2010

Posted on 01 July 2013

Gold swung between gains and losses after dropping to the lowest in 34 months last week as investors weighed prospects for growth against stimulus, while holdings in the largest bullion-backed exchange-traded product held steady.
Spot bullion, which rose and fell at least 0.7 percent, traded at $1,236.38 an ounce at 9:47 a.m. in Singapore from $1,234.57 on June 28, when prices sank to $1,180.50, the lowest since August 2010. The 14-day relative strength index was below 30 from June 20 to June 28, signaling to some investors who study charts that a rebound may be imminent………………………………….Full Article: Source


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