Sunday, 1 September 2013

Gold was on track for a 5.40 percent gain!

Gold slid below $1,400 an ounce on Friday as the dollar rallied to a four - week high, with investors squaring positions at the end of the month and cashing in on a recent run - up ahead of a long U.S. holiday weekend. Gold was on track for a 5.40 percent gain on the month and its second straight monthly increase. Market steadies as Obama says planning response to Syria Dollar hits 4 - wk high, Syria talk prompts safe-haven buying.

Headlines

1) Aluminum Industry Seen by JPMorgan Unprofitable on LME Rule
2) WTI Falls a Second Day as Concern Eases on Syria Strike
3) Cooler Spending in U.S. Signals Slow Start for Quarter: Economy
4) U.S. Mint August Sales of Gold Coins Slump to Lowest Since 2007
5) Soybeans Drop as Rain Seen Easing U.S. Crop Concern; Corn Gains
6) U.S. Sells Sugar at Loss to Ethanol Maker to Ease Surplus

Read full story here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

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