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Bullion may see volatility on global economic data

Posted on 15 November 2013

Testimony from the US Fed chairman nominee Janet Yellen stated that, unless the US economy recovered, there would not be any tapering of its stimulus programme. This made US equities end on a positive note and so, we are seeing all the Asian markets trading in the green, barring China due its local influence. The emerging nation’s currencies are also appreciating against the US dollar. The comment by Janet Yellen has also impacted the bullion sector.
Gold bullion, which was trading below $1270 at the futures market, is now seen trading higher by $15 at $1285. Likewise, silver too has advanced by 1.65 percent and is hovering near $20.78. We believe that the market should continue to follow the expectations raised by the comment unless there any fresh trigger pops up………………………………………..Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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