The outlook for gold should become more apparent a week from now after weekend elections in Greece and a meeting of the Federal Open Market Committee.
Weekend Greek elections and a Federal Open Market Committee (FOMC) meeting could mean some volatility for gold next week.
Much of the action Friday was oscillations based on stop-loss orders. “Stops to the upside and downside have been triggered within very short time frames (amid) market nervousness ahead of the Greek election result and the pending FOMC decision next week intensifies.
“Volume has been low and moves seem completely random as the market moves from highs to lows to highs. This time next week the picture for gold's short-term future should be clearer,”
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Stock Tips, Commodity Tips
Weekend Greek elections and a Federal Open Market Committee (FOMC) meeting could mean some volatility for gold next week.
Much of the action Friday was oscillations based on stop-loss orders. “Stops to the upside and downside have been triggered within very short time frames (amid) market nervousness ahead of the Greek election result and the pending FOMC decision next week intensifies.
“Volume has been low and moves seem completely random as the market moves from highs to lows to highs. This time next week the picture for gold's short-term future should be clearer,”
For more information Click Here
Stock Tips, Commodity Tips
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