www.cme.com www.cmegroup.com
Gold Market Recap Report for 5/12/2008

The gold market seemed to chop around in a lack luster two sided trade for the first trading session of the new week. At times it seemed as if the gold market was being influenced by crude oil prices, which started out weak, rebounded sharply and then pulled backed after making another push to a new all time high. However, the weakness in gold was tempered by with the weak action in the Dollar as the currency once again failed near the critical 74 level and generally remained soft. Perhaps comments from the Fed that the threat of a US recession was an "open question" rekindled fears of too slowing in gold.




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