Posts on Fundamental Analysis related matters pertaining to Gold
Gold ended last week with some gains after heavy fluctuations amid heightened market jitters. The debt crisis, inflation, and slowing growth all
remain strong factors supporting haven demand on the metal.
With the start of the week, the focus for the metal will be on the Ecofin meeting and the comments from the euro area finance ministers and IMF and
if they approve the next 12 billion euros payment for Greece in July of last year’s package to ease the jitters over default.
The focus will remain on the debt crisis with the lack of data, and the market correction on this news and dollar weakness might help the gold
retain its appeal, yet easing debt woes will also deprive the gold some of its gains and might be pressured lower.
High volatility is expected with investors setting the tone for the week on Monday and accordingly gold will fluctuate amid the Ecofin meeting and
ahead of the FOMC rate decision.
Those factors might be major for gold on Monday and the bets on the Feds to keep their pledge for low rates this week and signal the readiness to
expand the support will offer gold more support to continue the rest of the week higher.
Nice posting. would be good to read that kind of report every day