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

Gold Market ‘Frozen’ In Place, Traders Awaiting Fresh Catalysts

Posted on 13 June 2014

The recent range-bound state of the gold market reminds Phil Flynn of a scene from the movie “Frozen,” where a princess inadvertently uses her magical powers to cast a spell and unleash an eternal winter on the kingdom.
“That’s what I feel like the gold market is,” said Flynn, a senior market analyst with Price Futures Group. “We’ve been frozen.” Frozen in place, that is. The most-active Comex August contract meandered between roughly $1,268 and $1,330 an ounce for roughly two months before breaking through the bottom of that band on May 27………………………………………..Full Article: Source


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