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Gold Gives Back Gains on Friday
Gold initially took off to the upside during the trading session on Friday, but as soon as Americans came on board, they crushed it again. At this point in time, it looks like a market that just does not have the momentum to go anywhere in the short term. But I would not read too much into it, mainly due to the fact that the volume is going to be very thin. Most traders will be away from their desks today instead of pressing buttons, and, quite frankly, most retail traders could take a lesson from that. Institutions will be back online on Monday and then start to ramp up as we go towards the jobs report. After that, ... (full story)
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