December gold prices fall more than 1% as gap with spot market narrows

- The gold market is seeing some significant weakness Tuesday as December futures contacts move closer in line with spot prices.

Jim Wyckoff, senior technical analyst at Kitco.com, noted that the spread between prices is"unusually wide." However, he added that some traders are now adjusting their positions as expectations start to shift following stronger-than-expected U.S. economic data. Stanley also said that he is still quoting August futures as expiration has just started. He pointed out that gold prices are holding crucial support above $1,942.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocks - edition of July 31, 2023Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Silver price outperforms gold as market bets on Fed rate hike pauseKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »