Comex Gold Futures was already floppy on Friday, putting an inside day and closing near the low at $882.90(continuous futures contract). Today Reuters reports that spot gold in London “was quoted at$873.85/875.85 at 5:38 a.m. EDT, down half a percent from $878.40 at the nominal New York close on Friday.” This is about $5. The reason is seen as unwinding some of the flight to quality (!)on relief that the US bailout deal is done.
Bye For Now
Barbara Rockefeller - Forex Trading Reports
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