www.cme.com www.cmegroup.com
Gold Market Recap Report for 5/9/2008

The gold market waffled around both sides of unchanged during the morning trade but managed to climb back into positive ground just after mid session off persistent strength in oil prices and perhaps even because of renewed buying interest off those willing to hold into the weekend. While the Hugo Chavez news regarding Colombia wasn't given that much attention in the morning trade on Friday that could be the type of story to attract in some weekend flight to quality players. Clearly the gold market remains vulnerable to periodic profit taking bouts with the trade still generally concerned about the prospect of a long term Dollar bottom.




 
©2008 Chicago Board of Trade. All rights reserved. Investor Relations | Site Map | Legal | Contact Us | RSS Feed | Subscriptions