Gold Fundamental Analysis January 10, 2013 Forecast

Gold Fundamental Analysis January 10, 2013 Forecast

Analysis and Recommendations:

Gold was up and down today, trading now at 1656.05 falling 6.15. Caution prevailed in the market ahead of the central bank meeting and as the US earning season began with Alcoa printing strong results. Commodities lacked direction as investors choose to stay on the sidelines ahead of the European Central Band meeting and rate announcement on Thursday and also eyed the earning reports to obtain fresh cues on the economy. Gold in the international market was seen inching up while base metals were trading steady. Although gold drifted downward after the US open, there was no positive trend and little market direction. Continue Reading...

By FX Empire Analyst - Barry Norman