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...
16 years ago