GLD ended last week around $109.50 and ended today just above $109 on light volume. Although the action the last two sessions have been slightly negative, the price action of gold definitely surprised a number of longs last week. Gold held up well to 2 huge and potentially negative news stories last week.
Posts Tagged ‘fed’
January 6th, 2010
Gold Outlook in 2010
After hitting a multi-year high of above $1200 per ounce in the beginning of December, gold has receded and looking for direction. What can we expect in 2010?
Posted in Bullion News, Hot off the press 
Tags: China, debt, DGP, fed, GLD, gold forecast, goldman sachs, GS, India, Macquarie, Merrill Lynch, Morgan Stanley, Outlook, speculators 
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