Fri 04 May 2012 14:18:00 CT
Like a number of commodity markets, gold saw some rather extensive volatility today In fact, after the initial gyrations off the US Non Farm payroll report, gold managed to a pulse up attempt just ahead of mid session. It seems as if gold and silver were partially lifted off comments from the Fed's Evans who indicated that the economy was growing a little slower than was desired. Seeing the US Fed express concern for the pace of the economy might have sparked a minor wave of easing hopes in the gold trade. Some adverse currency market action probably restricted gold ability to rally today, especially since traders were content to sell the Euro into this weekend's French election results.
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