With little fresh news to push the market, the yellow metal continues to trade off technical chart signals.
FORBES: P.M. Kitco Metals Roundup: Weaker Technical Chart Picture Pressures Gold, Silver
The yellow metal is seeing some fresh technically related buying interest as the near-term chart posture is improving.
FORBES: A.M. Kitco Metals Roundup: Gold Higher as Bulls Gain Some Technical Momentum; Bernanke Remarks also Supportive
The precious yellow metal saw some fresh speculative and technically related buying interest as the near-term chart posture is improving.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Up on Short Covering, Speculative Buying, Bernanke Boost
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But in its end of the year presentation, Gold Fields provided the following chart depicting how poorly the large gold mining company shares have done since 2006 compared to owning the physical metal.
FORBES: Gold Fields Loses Its Shine
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