Gold • Round-up • : Gold futures fell to the lowest levels of the session on Wednesday, after stronger-than-expected US retail sales data underlined expectations for an eventual reduction in the Federal Reserves monetary stimulus. Fundamental Outlook • : The gold market construed October minutes of the Federal Open Market Committee to mean that policy-makers would like to start scaling back their bond-buying program “sooner rather than later,” which is seen as a factor likely to hurt the metal. Technical Outlook : Yellow metal have broken some of key support levels and open ways to make new lows for the year. A strong bearish move is expected to continue after having a dark cloud in charts
Posted on: Thu, 21 Nov 2013 08:43:08 +0000