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Gold Market Recap Report
Fri 08 Mar 2013 16:36:00 CT
Related Keywords: Metals
Related Keywords: Metals
After seeing follow through selling pressure early in the week, the gold market managed to regain its footing toward the end of the week. Surprisingly the gold market managed to rally Thursday in the wake of slack data and higher equities and that prompted ideas that perhaps weaker US data was the shortest path to additional US easing. On the other hand, gold today had the benefit of noted weakness in the Greenback and evidence of a strengthening Chinese currency and that probably provided the market with a lift. Given the noted low to high range of roughly $45 an ounce, the bull camp in gold might feel like they are beginning to challenge the pattern of lower highs and lower lows that has been in place since the end of February.
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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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