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Gold Fails to Hold Momentum on Wednesday
Gold markets initially rallied a bit during the early hours here on Wednesday but then gave back quite a bit of the gains near the $3,900 level. Keep in mind that the gold market continues to see a lot of volatility and choppiness. And the fact that we gave up some of the gains tells me that we just don't really know what to do. With this being said, market participants obviously know the gold is very bullish, but it has to give back some of the gains sooner or later. I think there are a lot of concerns out there about the US government shutting down. I don't know why it happens from time to time, but the market ... (full story)
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