15.04.2015 - Any gold price rally will be sweet but short
On Monday gold for delivery in June – the most active futures contract – drifted further below the psychologically important $1,200 an ounce level, briefly falling to levels last seen at the beginning of the year. On the Comex division of the New York Mercantile Exchange, gold touched an intraday low of $1,183.70 an ounce before recovering to above $1,190 during late afternoon trade, a two week low. Gold started 2015 with a bang rising to $1,307 an ounce three weeks into the new year, but by mid-March had fallen back to a near-four low of $1,148.20 an ounce. All attempts to break resistance at $1,225 since then has failed and a recent report by Credit Suisse quoted by Barron's predicts renewed weakness for the metal in the second half...............................................Full Article: Source
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