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Markets Looking For A New Catalyst

Commentaries & Views

(Kitco News) - Metals bound in a tight range as traders await fresh catalysts. The G-20 meeting over the weekend was uneventful but there was certainly a suggestion of a protectionist bias from the U.S., which may lead to a more aggressive trade policy. This week, almost all Fed members will be expressing opinions on the financial landscape, which should create some whip-saw action in the markets. The administration appears bogged down with health care, which may resolve itself this week, but until it does, it pushes the president's agenda on tax reform further into the future. Remain neutral on gold, unless we can get a break above the $1,237 level. Support remains at the $1,222 level.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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