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Gold Market Recap Report
Fri 08 Mar 2013 16:37:00 CT
Related Keywords: Metals
Related Keywords: Metals
The fortune of the gold bulls rose early this week, fell back and then rose again at the end of the Friday US trading session. In fact, August gold today actually managed a low to high rally of almost $40 an ounce and for some that was potentially a sign of rekindled flight to quality interest. Not surprisingly the increased flight to quality interest was probably speculation of weekend turmoil in the Euro zone but it is also possible that some traders expect to see some form of central bank easing next week, especially if the Chinese economic figures this weekend denote further weakening. On the other hand, it is also possible that gold saw some lift from ideas that there will be some fresh TARP like plan in the rumor mills over the coming 72 hours.
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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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