05.03.2012 - Gold may consolidate, move higher
Comex gold futures ended mildly higher on Friday notching its biggest weekly decline this year and vulnerable to further falls. Gold futures tanked after the US Federal Reserve Chairman, Mr Ben Bernanke, did not signal another round of monetary easing was imminent, sparking a 5 per cent sell-off on Wednesday. Gold, however, started the week with a rally to a 3-1/2 month high on economic uncertainty after the European Central Bank gave half a trillion euros of cheap loans to banks...............................................Full Article: Source
Print