Gold Slowly Losing Steam: GLD Technical Take

The last minute cliff-aversion deal in Washington D.C. set up major equity indexes for a truly impressive start to the new year. Gold, on the other hand, has kicked off 2013 with a sour string of losses, as growing risk appetites and recent comments from the Federal Reserve have taken their toll on the safe haven yellow metal. While the first few trading days are often said to be predictive of the entire year, we feel that gold prices may come under more pressure for reasons beyond historical coincidences [for more market news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Battle Metals vs. Miners: Gold Edition 2012 The Best Commodity Trades Of All Time The 5 Best CommodityHQ Stories From 2012 Speculating vs. Hedging With Futures Explained GLD vs. SLV: 2012 In Review