Gold Likely to Recover From Eight Month Low

Reuters: "Most negative factors have been priced in. Gold is finding good physical bargain hunting interest at lower levels," said Gnanasekar Thiagarajan, director with Commtrendz Research.   LINK...

Gold Up On Asia Buying

SINGAPORE, March 4 (Reuters) - Gold inched up on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust U.S. economic data dented bullion's safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. "The broad theme might be gold-negative, because the spending cuts are probably taking away a bit of the froth on the idea that policymakers are spending out of control and they will keep doing so until the recovery takes hold," said a Hong Kong-based trader.   LINK...

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Government spending is Gold positive. If suitable, this is a good buying opportunity for long-term investors.   BK