Quotes from the news wire:
Ironically, what you actually need to see for physical demand to pick up is for prices to rally, the confidence in gold as a supposed safe haven or as an investment has been battered over the last few years.
Found on Reuters 9 years ago
The confidence in gold as a supposed safe haven or as an investment has been battered over the last few years.
Found on Reuters 9 years ago
If anything it's a little bit surprising that we haven't had the safe-haven bid in gold even though you've had these big risk-off moves in the Chinese equity market.
Found on Reuters 9 years ago
We're still expecting a fourth-quarter lift-off in the Fed funds rate and that's when you'll see the trough in gold or we could potentially see gold take another leg lower.
Found on Reuters 9 years ago
I think there's still a bit of a hangover from what occurred earlier in the week, the technical picture looks pretty bad and U.S. data has been stronger than expected. I don't expect to see any meaningful bounce until we get to around $1,040 and I think some of these sellers know that.
Found on Reuters 9 years ago
Clearly the market momentum is down. We've had a price forecast of $1,100 in the short term, but it looks like the market is certainly trading very much on the weak side and could test levels below $1,100 and stay there for some time.
Found on Reuters 9 years ago
The market looks very technically weak and the biggest buyer of all, China, is now selling gold as opposed to buying it on price dips. That's a recipe for weaker prices.
Found on Reuters 9 years ago
It looks like someone was taking advantage of the low liquidity environment at the moment. It's a bit of speculative selling going on.
Found on Reuters 9 years ago
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