Gold Market Recap Report
Fri 08 Mar 2013 16:36:00 CT
Related Keywords: Metals
The gold market forged a range of trade today of roughly $23 an ounce but the capacity to reject the early losses had to discourage the bear camp, especially in the face of mostly discouraging Us scheduled data flows. Perhaps residual concerns toward debt issues in Spain has served to keep gold buyers off balance, as strong gains in US equities and a noted bounce in crude oil prices certainly didn't translate into much of a rally in gold prices today. Perhaps the sharp gains in stocks were attributed to favorable earnings and not to a positive economic environment and that is why many physical commodities like gold were tentative.

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