Spot market down $10, futures stable -- what gives?

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Spot market down $10, futures stable -- what gives?

posted on Dec 11, 2007 09:49AM

I understand why the market would respond by dropping $10 on spot gold (Kitco.com) with the news of a less than thrilling 0.25% drop in the Fed rate but why are near term futures stable at $815 (TD-waterhouse)? Anyone have a good answer for this?

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