Gold pulled back a touch as market traders appeared to take risk off the table ahead of today's auctioning off of Greek 6 month and one year bills. It would appear that the $1,150 level is providing some support, so with a big week ahead for economic releases, it will be interesting to note if we see a move higher to the $1200 level, or a move back down closer to $1,100.

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Gold & Silver

Commodity

Level

Change

GOLD

$1,150.85

-$4.62

SILVER

$18.10

-$0.10

Market News

  • Alcoa kicked off the US earnings season, releasing numbers after the closing bell in the US. The results were mixed.
  • Goldman Sachs lowered their 2010 forecast for gold prices to $1165 an ounce, and $1350 in 2011
  • Euro traders should note that tomorrow sees the release of CPI numbers from both Germany and France
  • Market watchers should note that tomorrow sees the release of the Beige Book
  • The Dow closed over the 11,000 level last night for the first time in circa eighteen months

Major Economic News

TIME

MARKET DATA

1330

US TRADE BALANCE (FEB)