Market Outlook- Gold was little changed!

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Gold was little changed on Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke‘s congressional testimony later this week for clues on when the U.S. central bank would begin tapering its monetary stimulus. The market is now focused on Bernanke’s twice-yearly testimony to congressional committees on Wednesday and Thursday, which will be watched for further signs of the timing and extent of any reduction in bond purchases.

RR Financial Consultants‘s insight:

Today’s Key Headlines

1)    WTI Falls for a Second Day as Chart Shows Unsustainable Gains

2)    BHP Quarterly Iron Ore Output Rises 17% to Beat Estimates

3)    Barclays, Traders Fined $487.9 Million by U.S. Regulator

4)    Copper Drops as Producers Report Higher-Than-Expected Output

5)    Gold Imports by India Seen Shrinking as State Curbs Boost Costs

6)    Rebar Climbs for Sixth Day on Iron Ore Rally.

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