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1282.74 -0.07 (-0.01%)
0:20:59 (GMT)
Bid 1282.44
Ask 1283.04
Open 1282.81
High 1283.07
Low 1282.43
 

Daily Technical Analysis

The spike in the U.S. Dollar drove December Comex Gold futures lower on Wednesday. The jump in the U.S. Gross Domestic Product during the second quarter also clarified the strength in the economy, encouraging worried gold traders to exit their...
The gold markets as you can see initially tried to rally during the day on Wednesday, but ended up falling to form a slightly negative candle. We still see plenty of support at the $1290 level, and as a result...
The gold markets as you can see rose during the course of the day on Tuesday, but found the area just above the $1310 level to be resistive enough to turn the market back around and form a shooting star...
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Weekly Technical Analysis

The gold markets fell during the course of the week, but we have to admit firstly that the market is very tight. The market is negative for the week, but quite frankly it’s difficult to start selling, as we see...
Gold markets fell during the course of the week, testing the $1300 level. This market bounce from there, but the candle was in exactly supportive enough to get us too excited about buying. We certainly wouldn’t sell though, as the...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold continued its descent trading down $1.20 at 1295.70. Gold retreated for a fourth day to head for a monthly decline as further signs that the U.S. recovery is gaining momentum strengthened the case for higher borrowing...
Analysis and Recommendations: Gold is directionless with little activity ahead of the Fed decision. Gold is trading at 1300.30 moving between small gains and losses. Precious metals are holding steady in trading, reflecting some hesitation amongst investors ahead of several...
Analysis and Recommendations: Gold gained $5.80 but with little real conviction or direction as traders begin to position themselves ahead of the FOMC meeting beginning soon. Gold is trading at 1311.60. Gold was little changed just above $1, supported by...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations: Gold closed the week at 1298.30...
Weekly Analysis and Recommendations: Gold ended the week down after...
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More Gold Report

 
Sellers continued to maintain control of the September Crude Oil market on Thursday. Overnight, Asian traders drove the futures contract through the psychological $100 support level. Much of the selling pressure was attributed to this week’s bearish inventory report. On Wednesday, the U.S. Energy Information Administration reported...
Gold tanked on Wednesday falling to the low 1290 level before recovering a few dollars to end the day at 1296.90 but gave back again this morning to trade at 1295.70. Traders were surprised with the release of US GDP which soared above forecasts, while the Fed...
The U.S. Dollar surged on Wednesday, following the release of stronger-than-expected economic data. The news helped drive up interest rates, making the Greenback a more attractive investment. This put pressure on foreign currencies and commodities. Today, the Commerce Department reported the U.S. economy grew 4 percent in...