Gold Silver Reports – Based on the current price action, the direction of the gold market the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at $1254.30.
Gold futures
Gold Futures Flirts With $1,300
Gold Silver Reports – Gold futures climbed above $1,300 an ounce for the first time in 6 weeks as the dollar wavered and investors braced for an onslaught of economic data and political news.
Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off
Gold Silver Reports – Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off – Gold appears to be vulnerable to the whims of traders. After 11:10 a.m. in New York almost 40,000 contracts, each representing 100 ounces of the metal, traded in a span of 10 minutes, spurring a sell-off that sent prices down almost 1 percent.
Gold Is Shaken by a Mysterious 2 Million-Ounce Trade
Gold Silver Reports — After weeks of relative slumber, gold traders were rudely awoken to a surge in volume and volatility. In a span of one minute, gold futures contracts equaling more than 2 million ounces traded — about 20 minutes before Federal Reserve Chair Janet Yellen was to address a gathering of policy makers in Jackson Hole, Wyoming.
Gold Speculators Sharply Increased Bullish Net Positions For 2nd Week
Gold Silver Reports — Gold Non-Commercial Speculator Positions: Large speculators sharply advanced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Near 6 Month High, MCX Futures Enjoying Break Above 29K
Gold Silver Reports — Excellent speculative demand and global geopolitical worries pushed Gold near a six month high in Asia today.