Posts Tagged ‘holidays’

On Friday the gold price managed to hit $1,357 in New York but then fell back to $1,347 where it held through Asia and into London on Monday, where it was Fixed at $1,347.00 after Fixing on Friday p.m. at $1,355,00.   In the Euro it pulled back to Fix in London’s a.m Full story

Jeb Handwerger submits:On Christmas Day, the Chinese central banks raised interest rates for the second time since October. Surprisingly, commodities soared on the rate hike news. This tightening policy should be bearish for commodities; however, gold, silver and the noble and base metals have been soaring. Full story

"With the holidays fast approaching, traders aren't going to be as aggressive in establishing new positions and that's probably keeping a lid on the gold market. We're probably going to see choppy and muted trade through the end of the year," Sterling Full story

Labor Day and the first Monday in September.   Tomorrow, the busy time of the year get underway in the markets as the holidays are over and the stark realities of making a living hit us all. It is also the day when the gold season sees all the driving factors come together as the Full story