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Gold price hovers near $1,380; lacking fresh news for price actions

Posted on 11 September 2013

Spot gold prices trade in sideways fashion around the $1,380 level as there were little fresh news but found some support from a weaker dollar. It was a quiet session, a sea of calm compared to the previous week’s volatility when tensions on the Syrian conflict drove gold and oil to trade in large swings.
Other than the ongoing US debate about whether they should intervene in Syria, gold seems relatively unaffected by the slew of supportive economic data out of China earlier this week. Exports rose 7.2 percent compared to a year ago and the consumer price index came out showing inflation was contained, a 0.1 percentage point lower at 2.6 compared to July………………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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