Gold Futures Gain After Fed's Liquidity Move

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Gold "is likely to remain extremely volatile in the short term," said James Moore, analyst at TheBullionDesk.com. Writing in a research note, Moore elaborated stating that gold is "caught between further profit-taking from investors/speculators, forced to cover margin requirements, and ongoing investment demand given the bullish tone across the commodities spectrum."

Gold for April delivery rose $4.10 at $975.90 an ounce on the New York Mercantile Exchange.

Gold "is likely to remain extremely volatile in the short term," said James Moore, analyst at TheBullionDesk.com.

Gold's "caught between further profit-taking from investors/speculators, forced to cover margin requirements, and ongoing investment demand given the bullish tone across the commodities spectrum," Moore wrote in a research note.

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