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Gold Lower, Hits 4-Wk Low, on Long Liquidation, Tech. Selling Ahead Of FOMC Result

19/06/2013

Comex gold futures prices ended the U.S. day session with solid losses Tuesday, pressured by technical selling, including pre-placed sell stop orders being triggered.

 

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NZ dollar extends decline as Fed awaited

19/06/2013
Source: TV3

The New Zealand dollar fell as investors await the Federal Reserve's official view on whether it will start winding back its asset purchase programme.

The kiwi fell to 79.87 US cents at 5pm from 80.05 cents at 8am and 80.80 cents on Monday. The trade-weighted index declined to 74.06 from 74.78.

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Silver Falls as Market Players Await Fed Meeting Results

19/06/2013
Source: Silver Investing News

As with gold, silver saw a drop today. The market is currently waiting for the US Federal Reserve to decide whether it will begin to ease off on its stimulus package, according to Bloomberg.

Silver futures for July delivery fell $0.129, landing at $21.63 per ounce on the COMEX in New York. Spot silver prices did not fare much better, falling $0.32, to $21.56 per ounce.

The Fed meeting is scheduled to start today and should last for two days. The Fed will likely step back if it decides that the American economy is coming back on its own.

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Gold, silver consolidate as trading range narrows

19/06/2013
Source: Mineweb

New York closed at $1,386.00 on Friday. Asia held the price at that level as did London, where it was Fixed at $1,386.00 and at up $6.25 and in the euro at €1,035.537 down €3.50 while the euro was slightly stronger against the dollar at €1: $1.3345. Ahead of New York’s opening gold stood at $1,381.00 and in the euro at €1,035.58.

Silver Today – Silver closed at $21.75, up 2 cents in New York on Friday. Ahead of New York’s opening silver stood higher at $21.75.

Gold (very short-term)

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FOMC The Big Driver for Gold and Silver this Week

18/06/2013
Source: Market Oracle

THE U.S. DOLLAR gold price drifted back below $1390 an ounce Monday morning in London, but remained well within its trading range of the last few weeks, as European stock markets edged higher, with analysts citing Wednesday's Federal Open Market Committee decision on US monetary policy as "the big driver" for this week.

"On the whole, the market hopes for insightful comments in the course of the next Fed policy meeting...which will affect gold's further development as well," says a note from bullion refiner Heraeus.

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