gold prices down sept 13 2011

gold prices down sept 13 2011 : Gold dropped from above $1,830 to fall below $1,800 per ounce in overnight electronic and Asia-Pacific trading Tuesday before bouncing back to hit $1,830 in London and opening trading in New York. Spot gold has been moving lower since, however, as heightened uncertainty regarding the outlook for European Union sovereign debt and the U.S. economy continue.

Spot gold was down 80 cents as of 10:30 a.m., bid at $1,813.60 with an Ask price of $1,814.60. The early-morning high reached $1,833.90 and the low $1,809.60. The spot gold reference price was set at $1,820 at the London p.m. fix. will gold prices go down september 2011

Gold prices forecast september 14 2011
Gold continue to zigzag with no clear direction in the past several days as the speculation around the Euro debit crisis runs high. The slight rise in US stock markets the moderate fall in US Treasury yields and the appreciation of the USD against the AUD may have caused gold to trade down yesterday.

But a new day brings new events and the direction of the US stock market along with the USD against major currencies could affect gold . Following such a sharp fall in gold prices yesterday, there may be a correction today. During the remainder of September, I still speculate gold will continue to rise at a slow pace.

why gold prices down sept 13 2011, outlook for European market sept 13 2011, gold futures prices sept 13 2011, will gold prices go down sep 2011, gold prices forecast september 14 2011, will gold price go down 14/09/2011 For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: