Fri, Jul 28, 2017
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trading more

Gold bears take over as Fed members back taper plan: Commodities

Posted on 23 August 2013

Gold traders are the most bearish in nine weeks after Federal Reserve policy makers backed plans to taper stimulus if the economy strengthens, eclipsing a surge in demand for physical metal that drove prices to a two-month high.
Twelve analysts surveyed by Bloomberg expect prices to fall next week, eight were bullish and two neutral. That’s the highest proportion of bears since June 21, a week before prices reached a 34-month low. Gold is heading for back-to-back monthly gains for the first time since September after speculators cut bearish bets by 27 percent from a record in July………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2017
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031