Gold logs fourth loss in five sessions Speculator
Post# of 102233
Gold logs fourth loss in five sessions
Speculators cut net-long positions on gold again
SAN FRANCISCO (MarketWatch) — Gold futures fell on Monday, marking their fourth loss in five trading sessions, as a stronger dollar and continued outflows from exchange-traded funds helped fuel a pull back in the wake of a strong rally late last week.The market also saw pressure after the South China Morning Post quoted billionaire George Soros as saying that gold disappointed the public as the euro was close to collapsing in the last year and was “destroyed as a safe haven. But Soros also said that he expects central banks to continue to buy the metal.Gold for June delivery (CNS:GCM3) fell $3.40, or 0.2%, to settle at $1,572.50 on the Comex division of the New York Mercantile Exchange. http://www.marketwatch.com/story/gold-extends...2013-04-08
(0)
(0)