(Kitco News) - Gold futures fell to their lowest level in seven months Wednesday in a move described largely as technical-chart-related selling, with the recently improved tone in equities and some uneasiness ahead of the release of Federal Open Market Committee minutes both contributing factors, traders said.
Similar Stories to Update: Comex Gold Extends Losses On Technical Selling; Traders Await Fomc Minutes on Bing News
Kitco News, Contributor, Forbes
Wed, 02/20/2013 - 9:56am
BING NEWS:
- Gold's sharp two-day correction overdue and healthy, analysts say
Gold futures extended their losses Tuesday in the largest ... of it will depend on the scale of hedge funds selling, after amassing a major long position during the run higher, Hansen says. A "healthy ...
04/23/2024 - 12:25 pm | View Link - More
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