Forex Markets

Gold Bullion outlook for march

  NY Time
Gold futures drop as Greek debt worries ease - Business Day, Mar 8 2015 4:10 am

Kitco Metals Roundup - Kitco News, Mar 8 2015 9:02AM
Platinum Group Metals Still Attractive: CPM's Christian - Kitco News, Mar 8 2010 9:27AM
Reflation, Supply Restraint Lend Support to Gold: Dundee Wealth's Murenbeeld - Kitco News, Mar 8 2010 9:41AM
What's an Oscar Worth in Current Gold Prices? - The Street, Mar 8 2015 9:15AM
Yi Gang: China to Invest More Forex in Gold Cautiously - Caijing, Mar 9 2015 5:46AM
Size isn't everything - Goldcorp CEO - Mineweb, Mar 9 2010 5:46AM
DJ - Hochschild Mining Raises Stake In Gold R... - Hemscott, Mar 9 2015 5:36AM
DJ Hochschild Mining Raises Stake In Gold Resource Corp To 29% - TradingMarkets, Mar 9 2015 5:36AM
Gold barely moves after 1% drop - Deccan Chronicle, Mar 9 2010 5:25AM
Chaarat Gold ups JORC-resource to 4Moz gold - Proactive, Mar 9 2010 5:16AM
China will be prudent in buying gold - Financial 24, Mar 9 2010 4:44AM

Gold fell to a two-week low on Thursday morning, as fears of a Greek debt-rating downgrade left EUR/USD vulnerable to selling pressures.

The ‘lower gold price is dictated by the weakness in the euro,’ said Bayram Dincer of LGT Capital Management. ‘Short term, higher risk aversion will not benefit gold, as this risk premium is already incorporated in the gold price,’ he explained. [2] A Greek debt-rating downgrade would increase the country’s bond yields further, making it more expensive to replenish the health of the Greek economy.

Tetsuya Yoshii, the vice president for derivative products with Mizuho Corporate Bank believes that gold may continue to drop on the back of additional dollar strength. ‘Investor money looking for safe assets should be the factor’ driving gold lower, said Mr Yoshii. Bullion ‘might have a $20 to $40 correction on the downside,