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
Buy Euros before Ireland Defaults?
-
The IMF may well be running Ireland by February, ifthe Irish budget "fails
to convince the financial markets," warns economist Colm McCarthy in an Irish
In...
14 years ago
No comments:
Post a Comment