Market Outlook- Gold prices arrested earlier losses on Thursday!

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Gold prices arrested earlier losses on Thursday but the market was still in negative territory after the previous session’s 2 percent sell-off, as a break of key chart support near $1,320 an ounce prompted more buyers to cash in gains. The precious metal rallied for four straight sessions to Tuesday, hitting its highest in a month, after assurances from the Federal Reserve that any changes to its gold-friendly quantitative easing policy would be data-dependent.

RR Financial Consultants‘s insight:

Today’s Key Headlines

1)      Data eyed for clues on U.S. policy ahead of Fed meeting

2)      Copper Falls for Second Day on Concern Supply to Exceed Demand

3)      Palm Drops to Lowest in More Than Three Years on Supplies

4)      Biofuel Makers Seek to Ease Mandates to Avert Congress

5)      WTI Crude Declines for Second Day as U.S. Boosts Production

6)      Biggest Shipping Banks See End to Slump as Lending Recovers

Read detail analysis report here: –

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