Gold priceswaver after drop near five-month low S
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Posted On: 12/03/2013 7:41:18 PM
Gold prices waver after drop near five-month low
SAN FRANCISCO (MarketWatch) — Gold futures seesawed Tuesday between minor losses and gains after a sharp drop in the previous session to their lowest settlement since early July.
SAN FRANCISCO (MarketWatch) — Gold futures seesawed Tuesday between minor losses and gains after a sharp drop in the previous session to their lowest settlement since early July.
Meanwhile, analysts at UBS slashed their 2014 price forecasts for both gold and silver, citing few positive catalysts in the medium term and given that tapering of the Federal Reserve’s quantitative-easing program may potentially start in January.
Gold for February delivery (CNS:GCG4) was up $1.50, or 0.1%, to $1,223.40 an ounce on the Comex division of the New York Mercantile Exchange after touching lows below $1,250.
On Monday, prices had settled at their lowest level since July 5. March silver (CNS:SIH4) fell 12 cents, or 0.6%, to $19.165 an ounce. http://www.marketwatch.com/story/no-gold-boun...atest_news
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