Live Gold Fix Price Market News
Tuesday, December 13th, 2011U.S. economic data due for release Tuesday includes the NFIB business optimism index, the weekly Goldman Sachs and Johnson Redbook retail sales reports, retail sales, manufacturing and trade inventories, the IBD/TIPP economic optimism index, and the FOMC meeting and Fed statement following it.
The London A.M. Gold Price Chart fixing was $1,665.00 versus the previous P.M. fixing of $1,659.50.
Technically, February gold futures bulls have faded badly recently and near-term chart damage has been inflicted as key chart support levels were breached Monday. A 10-week-old uptrend on the daily bar chart was also negated Monday. Now, gold prices are in a four-week-old downtrend on the daily bar chart.
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