Adam Sarhan Reuters Quote: Gold could rally further after breaking above $1,400: Analysts

Adam Sarhan Reuters Quote: Gold could rally further after breaking above $1,400: Analysts

By Reuters | 27 Aug, 2013, 02.36AM IST NEW YORK: Gold’s break above $1,400 an ounce on Monday for the first time since June 7, and a bullish “cup and handle” chart pattern, suggest more gains are in store for the precious metal which may have bottomed out two months ago, technical analysts said.  “There…

Reuters Quote: Gold Falls On Techincals, Options Selling

Reuters Quote: Gold Falls On Techincals, Options Selling

By Frank Tang NEW YORK (Reuters) – Gold fell in light holiday trade on Tuesday as technical weakness, options-related selling and a lack of fresh economic news failed to stimulate buying interest in the final week of the year. Selling related to the expiration of U.S. January gold options, which weighed on bullion despite rallies in…