1. Given that the Fed has some voices suggesting a trend towards falling prices, gold has lost its 'hedge role' charm. There is little on the political front or economic news to support the metal.
2. The slide in oil prices is expected to adversely impact gold as oil suppliers are also normally buyers of the metal. China is quiet and the Indian consumer is waiting for falling prices.
3. The non banking finance industry will be under strain as safety margins erode and would ask borrowers to withdraw or face auction. In any case there is a supply move.
4. With the Swiss referendum showing a move away from gold, short selling may be the trader's tactic for the day.
2. The slide in oil prices is expected to adversely impact gold as oil suppliers are also normally buyers of the metal. China is quiet and the Indian consumer is waiting for falling prices.
3. The non banking finance industry will be under strain as safety margins erode and would ask borrowers to withdraw or face auction. In any case there is a supply move.
4. With the Swiss referendum showing a move away from gold, short selling may be the trader's tactic for the day.
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