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Gold Market Recap Report
Mon 13 Aug 2012 14:45:00 CT
Related Keywords: Metals
Related Keywords: Metals
The gold market was unable to sustain early gains and ended up posting sizable losses by the close of Monday's session. Hopes for fresh easing measures from the US and China were seen by many traders to have helped support gold prices early in the day. In addition, a weak Japanese GDP reading encouraged additional expectations for simulative measure for several global economies, which some traders felt provided an added boost to gold prices. A recovery in the Dollar as well as sluggish global equity markets were key negative factors in gold falling well into negative territory later on in the session.
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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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