Unclear exactly what’s up, but gold is tanking today.
You have to figure some folks went long gold based on fiscal concerns, so this has to be cruel to them.
Read more: http://www.businessinsider.com/gold-is-cratering-2013-10
Gold plunges below USD1,300 as U.S. government shutdown begins
Investing.com – Gold futures came under heavy selling pressure on Tuesday, falling below the key USD1,300-level, after the U.S. Congress failed to reach an agreement on a budget for the next fiscal year, leading to the first government shutdown in 17 years.
http://www.investing.com/news/commodities-news/gold-plunges-below-usd1,300-as-u.s.-government-shutdown-begins-253344
MISS: US PMI Is Unchanged At 52.8 (Exp 53.1)
http://www.businessinsider.com/september-2013-us-manufacturing-pmi-2013-10
You have to figure some folks went long gold based on fiscal concerns, so this has to be cruel to them.
Read more: http://www.businessinsider.com/gold-is-cratering-2013-10
Gold plunges below USD1,300 as U.S. government shutdown begins
Investing.com – Gold futures came under heavy selling pressure on Tuesday, falling below the key USD1,300-level, after the U.S. Congress failed to reach an agreement on a budget for the next fiscal year, leading to the first government shutdown in 17 years.
http://www.investing.com/news/commodities-news/gold-plunges-below-usd1,300-as-u.s.-government-shutdown-begins-253344
MISS: US PMI Is Unchanged At 52.8 (Exp 53.1)
http://www.businessinsider.com/september-2013-us-manufacturing-pmi-2013-10