Reuters reported that gold was down slightly along with equity markets.
Articles Tagged "equity markets"
Gold prices traditionally rally off the summer lows in September as many players come back to the market. And if this year holds true to that seasonality, next month might turn out to be “a good September.”
Bloomberg.com reports equity markets and oil prices have dropped and gold demand has been reduced as a safe haven metal. Gold for immediate delivery fell $14.76, or 1.8 percent, to $789.84 an ounce as of 12:11 p.m. in London. The decline for the week is 7 percent, the most since the five days ended Aug. 15. [...]