Gold slips as upbeat U
economic data boosted the dollar, though volumes were exceptionally light canada goose coats on sale even for cheap Canada Goose a market in holiday mode.
Gold and silver bars are pictured at the Austrian Gold Canada Goose Outlet and Silver Canada Goose Parka Separating Plant ‘Oegussa’ in Vienna August cheap canada goose uk 26, 2011. participants, he added that the MF Global bankruptcy debacle has tied up so much money that Canada Goose online many players have exited trade earlier than usual as the year winds down, leaving trading volumes lighter than usual.
volume in buy canada goose jacket cheap gold and the trading in gold has just been sapped since October. We had some big down days and that looks like it was long side liquidation, Oxman said, adding that a pre holiday session like Friday would normally have 30 to 40 percent more activity. commodity and financial markets will be closed on Monday for the Christmas holiday.
Gold fell with the euro, which dropped canada goose clearance sale against the dollar, with uk canada goose further declines likely heading into 2012. The festering euro zone debt crisis has spurred Canada Goose Jackets investors to shun risk. economy on Friday. A higher Canada Goose Coats On Sale dollar dampens appetite for dollar Canada Goose sale denominated gold canada goose coats among holders of other currencies.
Gold prices remain on track canada goose clearance for their first quarterly decline since the third quarter of 2008. For the year, they are up more than 13 percent.
have now moved into a pretty canada goose factory sale rock steady price range, with most investors on the sidelines ahead of the new year, said Pradeep buy canada goose jacket Unni, senior analyst at Richcomm uk canada goose outlet Global Services. too has declined significantly. dollar.
Doubts remain over whether this week European Central Bank tender of half a trillion euros canada goose worth of canada goose uk shop cheap loans will be effective in easing the strain for troubled euro zone economies.
LARGEST GOLD ETF HOLDINGS DECLINE The world largest gold canada goose uk outlet backed exchange traded fund, the SPDR Gold Trust, recorded an outflow of just over 13 tonnes on Thursday. Its holdings were on track the first annual outflow since the fund was launched in 2004.
Inflows into the funds have slackened from the record levels they hit in recent years.
accumulated holdings of the 14 biggest gold ETFs fell to canada goose black friday sale 74.909 million ounces from the all time Canada Goose Online high of 75.902 million ounces set on 14 December, a decrease of 1 million ounces, or 31.1 tonnes, said HSBC in a note.
From a technical canadian goose jacket perspective, gold prices www.canadagooseoutlete.com Canada Goose Outlet https://www.canadagooseoutlete.com are likely to remain in a relatively narrow range ahead of year end, with gains capped by the 200 day moving average at $1,624.46 on Friday. Analysts at ScotiaMocatta said prices are canada goose uk black friday set to remain supported above $1,590, the December 20 low.
Among other precious metals, silver was up 0.1 percent at $29.11 an ounce. Spot platinum rose 0.1 percent to $1,420.63 an ounce, and spot palladium gained 1.9 canada goose store percent to $661.31 an ounce.