Spot Gold is slipping back to $838.35

Comex Gold futures rose dramatically for the second day. The continuous futures contract opened at $869.90, near the low of $836.00 but closed at $892.70, near the high of $910.90. It’s a huge bar and it breaks the 200-day moving average. But this is panic buying and hardly ever sustainable. The FT reports that sure enough, spot gold is slipping back to $838.35, but doesn’t name the exact time.

Bye For Now

Barbara Rockefeller Forex trading reports