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Gold Market Recap Report
Fri 08 Mar 2013 16:36:00 CT
Related Keywords: Metals
Related Keywords: Metals
The gold market managed a range down extension to start the new trading week but the market was able to reject that initial slide. However, after a better than expected US retail sales report and initially higher US equity market action, sentiment soured considerably in the wake of the US housing data that was released this morning. With equities falling back from their highs, the last data point of the day concerning and traders attempting to fan the flames of concern toward the European debt situation, the bear camp in gold appeared to have more ammunition than the bull camp today.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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