Gold Investing News » Weaker oil prices put pressure on gold

Weaker oil prices put pressure on gold

December 18, 2008 @ 3:01 am In Gold Market News

Besides profit taking, weaker oil prices put pressure on gold, but dealers said investors were happy to buy on dips. Gold has bounced more than 20 percent since falling to a 13-month low around $680 in October, but it was still below a lifetime high of $1,030.80 struck in March.

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