News Headline Summary

Market talks of Chinese buying gold - unconfirmed, trades USD 1568.55 (+ USD 3.88) last

'Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (23:35)

- Spot gold was trading heavy during the EU and US session. Analysts point to the so called 'death cross' having recently seen the 50DMA drop below the 200DMA in spot gold. Also, there was market talk suggests that CTA and hedge fund selling has been seen on the technical break lower.

20 Feb 2013 - 23:29 - Rumour - Source: Newswires

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