Gold futures broke below key technical levels Thursday as traders chose to add risk to their portfolios at the expense of traditional safe-havens.
Gold for February delivery on the Comex division of the New York Mercantile Exchange was last down $14.80 at $1,671.90 an ounce. Trade has ranged from $1,671.00 to $1,685.80.
“A pattern of lower highs on the charts might leave the bear camp in gold with a bit of a technical edge today,” the CME Group said in a market commentary.Continue Reading...
By: Tom Jennemann Orlando, Florida 24/01/2013
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