NYMEX CBOT CME CME Group
Gold Market Recap Report for 10/15/2008

Wednesday might have been another trading session in which, the flight to quality bulls in the gold market were really disappointed with the magnitude of the strength in gold prices. Certainly a rally in the Dollar put the gold market off balance and certainly the fear of significant slowing drifted back into the markets consciousness and therefore the muted strength in gold wasn't totally surprising. In fact, with the gold market basically the only physical commodity market attempting to hold in positive ground, it wasn't surprising that gold gains were restrained. However, given the sharp slide in equity prices, the flight to quality crowd was probably seeing their resolve strengthen instead of weakening.




 
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