Gold slips after 1% drop
On Tuesday, Gold edged down as early bargain hunting subsided, and dealers reported a weaker U.S. dollar was probably needed to help the metal break free from its current range.
The press release is quoted as saying:
Spot gold XAU= hit an intraday high of $1,124.30 an ounce and was at $1,120.40 by 0253 GMT, down $2.45 from New York’s notional close on Monday, when it fell 1 percent. Bullion was also around 1 percent below a 6-1/2-week high near $1,150 an ounce hit in early March.
Click here to access the entire press release
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Email
Print
Reproduction Request
Tue, Mar 9, 2010
Post by Anne Bagchi, Gold Researcher