Gold Investing News » Dollar wilts, Gold rises above $1030

Dollar wilts, Gold rises above $1030

October 29, 2009 @ 9:38 am In Gold Market News

On Thursday, Gold bounced back above $1030 an ounce in Europe. According to dealers, the demand is rising.

The news article is quoted as saying:

Some physical demand is returning to the market as prices plumb three-week lows, dealers said, helping the metal shrug off a further small outflow from the world's largest gold-backed exchange-traded fund.

Click here to access the entire press release ^[1]

Article printed from Gold Investing News: http://goldinvestingnews.com

URL to article: http://goldinvestingnews.com/2644/dollar-wilts-gold-rises-above-1030.html

URLs in this post:

[1] Click here to access the entire press release: http://www.reuters.com/article/hotStocksNews/idUSTRE59R3FK20091029