03.10.2016 - Gold Market Sees First Quarterly Loss Since December; What’s Next?
A Lehman-style meltdown for Deutsche Bank or a significantly weaker labor market is needed to boost gold out of its three-month range next week, according to some analyst. Despite hitting a new two-year high at the start of the quarter, the gold market is headed to a quarterly loss Friday, dropping 0.7% since July, its first three-month loss since the fourth quarter of last year. December Comex gold futures last traded at $1,320.40 an ounce, down 0.42% on the day. However, silver has managed to keep its quarter win-streak alive as December silver futures are ending the quarter with a 2.5% gain. December silver futures last traded at $19.25 an ounce, up 0.32% on the day............................................Full Article: Source
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