Posts Tagged ‘Asia’
Gold and Oil News - September 13, 2013 18:03
Gold Weakens on Technical Selling Ahead of Fed Decision
At this point it looks like the gold market has priced in a far greater amount of tapering of bond purchases than is actually being discussed in polite circles — $10 to $15 billion per month. The weakness in gold this week stems from both political incompetence in Washington prevailing over Syria and strategically-timed selling […]
Syria Bombing Fears Recede Along with Gold Prices
Now that Vladimir Putin has played most of his hand at the G-20 meeting, getting the Assad government to agree to placing its chemical weapons stockpile under international control, the Obama administration has to back down from unilaterally bombing Syria in the name of Qatari and Saudi gas pipeline interests. This has gold seeing profit-taking […]
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