GOLD IS TANKING

Gold is continuing its slide today as futures trade down nearly 2 percent.

The chart is pretty ugly:

These levels mark the lowest price gold has traded for since August.

In a note to clients this morning, Deutsche Bank commodities analysts wrote:

The gold market remains one without a clear catalyst, and in fact we would expect that prices could remain below the USD1,700/oz level while negotiations over the US fiscal cliff continue and the outlook remains uncertain. Once clear, we would expect that gold could move higher, likely towards the upper band of its recent range, USD1,750/oz.

Meanwhile, stocks are getting a nice lift.

SEE ALSO: BofA: Here's The Lowest Gold Prices Will Go >



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2517-0.0014-0.11%
    USDSGD=X
    1.7296-0.0015-0.09%
    EURSGD=X
    2.0935-0.0025-0.12%
    GBPSGD=X
    81.6511+0.3548+0.44%
    SGDJPY=X
    6.1952+0.0079+0.13%
    SGDHKD=X
    2.5917+0.003+0.12%
    SGDMYR=X
    9,136.3027+11.293+0.12%
    SGDIDR=X
    4.9734+0.0087+0.18%
    SGDCNY=X
    1.17310.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,300.00-0.30-0.02%
    GCM14.CMX
    19.57+0.05+0.26%
    SIN14.CMX
    91.87-1.95-2.08%
    ^XAU
    2.99+0.01+0.22%
    HGK14.CMX
    103.82+0.07+0.07%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.62+0.02
    ^FVX
    2.63-0.01
    ^TNX
    3.46-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    1.28+0.025+1.99%
    N21.SI
    0.122-0.001-0.81%
    B22.SI
    0.595+0.005+0.85%
    E5H.SI
    2.190.0000.00%
    JS8.SI
    0.98+0.070+7.69%
    B20.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.675+0.055+8.87%
    5VT.SI
    0.98+0.070+7.69%
    B20.SI
    0.19+0.013+7.34%
    5H0.SI
    0.113+0.008+7.62%
    5MM.SI
    0.96+0.055+6.08%
    U2T.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.096-0.011-10.28%
    S13.SI
    0.132-0.008-5.71%
    5BM.SI
    0.17-0.010-5.56%
    5WG.SI
    0.55-0.030-5.17%
    A05.SI
    0.123-0.005-3.91%
    J74.SI