Gold fell Wednesday to its lowest level in three sessions as traders responded to moves in the U.S. dollar following a drop in existing-home sales.
Despite the fact that traders have gotten their new home sales data, showing marked levels of weakness, they are focusing on the U.S. dollar next possible move and thus the gold market seems to be extremely cautious in taking on fresh long positions at this juncture. For the the time being, the confirmation of a cooling economy has not proven to be the catalyst for a gold rally.
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
1
