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, said a London-based broker and market maker, Triland Metals in a commodities research note.
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,” Triland added.
“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,” Triland concluded.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.