Weekly Review - GOLD

Prices seen bouncing from previous lows yesterday but gives back some of the overnight gains as investors trade nervously ahead of the Federal Reserve meeting set to give further guidance on the timing of plans to taper its USD85 billion in monthly asset purchases.

GoLd prices have seen falling in recent sessions on expectations for the Fed to taper on Dec. 18 but, If he will postpone his action we might see a short term rally in the gold price.

When it comes to Gold, good economic numbers like the one we saw in the past 1-2 month are bad numbers for gold. The FED might start to trim its asset purchasing program tomorrow or in January but everyone agrees that the FED easy money policy is about to end.