Scotia Bank Daily Gold Market Watch issued in May 23rd


Scotia Bank issued its daily market watch commentary and analysis for the gold and silver performance in May 22nd.

Gold started the trading secession opening at $1,391 then price explode to reach $1,413.5 on Bernanke’s initial comments on premature ending of the QE program would be dangerous.

Gold price sank to touch $1,367.5 after implication of slowing the pace of bonds purchasing the next few meeting. Gold price closed at $1,368.5.

Bargain hunting was the dominate view over a change in trends, as gold price couldn’t hold its ground.

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