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Also, some big fund managers are likely doing some position squaring or window dressing late this week.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady; Bulls Still in Technical Command
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The precious metals are seeing some consolidation, some tepid bargain-hunting buying, some short covering and some position-squaring-selling as the year winds down.
FORBES: Comex Gold Ends Weaker In More Quiet, Pre-Holiday Trading
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The precious metals have recently seen consolidation, some tepid bargain-hunting buying, some short covering and some position-squaring as the year winds down.
FORBES: Comex Gold Weaker in Thin Holiday Trading
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The precious metals are this week seeing some consolidation, some tepid bargain-hunting buying, some short covering and some position-squaring as the year winds down.
FORBES: Comex Gold Near Steady in Quiet, Pre-Holiday Trading
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Friday is the last trading day of the week and of the month, which may make for some more active trading due to some position-squaring.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Weaker on Chart Consolidation, Firmer U.S. Dollar Index
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Friday was the last trading day of the week and of the month, which made for some more active trading, including long liquidation of futures contracts, due to position-squaring.
FORBES: P.M. Kitco Metals Roundup: Gold Solidly Lower on Technical Selling; Traders Still Jittery from Wednesday's Sell Off
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After a week of strong gains, gold prices pared some of that strength on Friday on a combination of position-squaring ahead of the weekend and after a stronger-than-expected report of second quarter U.S. gross domestic product data.
FORBES: METALS OUTLOOK: Markets Look To Fed, ECB, Jobs Data Next Week
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Comex gold futures prices are modestly higher in early U.S. trading Friday, on some position-squaring and more chart consolidation ahead of the most important market event of the week, if not the month: a speech by U.S. Federal Reserve Chairman Ben Bernanke on Friday morning.
FORBES: Gold Firmer on Position Evening as Bernanke on Deck