In The Lead – Dancing The Night Away

Precious Metals CommentaryThe carnage in certain commodities continued on Tuesday and some of the price-damaging selling sprees extended into this morning as well. After having dipped some 5% from recovery levels and after having touched values under the ,600 mark for the second time in a week, gold prices fell about 1% in early morning dealings on Wednesday.

A slightly lower dollar and a 3% recovery in crude oil (factors whose respective strength and decline had been cited as having contributed to gold’s Tuesday slide) did not manage to lend any assistance to the yellow metal this time around. [...]
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