Gold Market Recap Report
Fri 18 May 2012 14:27:00 CT
Related Keywords: Metals
Related Keywords: Metals
The gold market forged a very impressive recovery effort after taking it on the chin for 2 1/2 days this week. From the low on Wednesday, June gold saw an initial bounce of roughly $70 an ounce. Some traders insist the primary reason behind the bounce was fresh easing hopes, while others think there is the potential for an end game on the Euro zone and that in turn could have spark some renewed flight to quality buying of gold. In conclusion, gold price volatility is probably set to expand as the trade flips its attention back and forth between severe slowing fears, anxiety over the break up of the Euro zone and the prospects of aggressive central bank easing.
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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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