Gold Falls to $1,427.56 an Ounce in New York
Gold fell $2.855, to $1,427.56 an ounce, on the COMEX in New York.
Gold fell $2.855, to $1,427.56 an ounce, on the COMEX in New York.
Gold was up this week for the second time in three days, with most of the gains occurring in India and China, the world's largest consumers of the precious metal.
Gold prices remain steady for the second week in a row.
Gold Investing News sat down with Chris Powell of the Gold Anti-Trust Committee to discuss what is going on in the gold market in terms of manipulation.
Reuters reported that gold rebounded from a one-month low, given a boost by a statement from the G7 countries, pledging a commitment to market-determined exchange rates.
Bloomberg reported that gold futures rose on Monday, and are on pace to for the longest rally seen since August.
Bloomberg reported that gold futures fell for the second day in a row, as demand from India waned.
Bloomberg reported that gold futures fell on Monday, as investors returned to the dollar in advance of the European Leaders' meeting regarding the Greek debt deal.
Bloomberg reported that gold futures climbed in Friday trading as the dollar fell, and investors flocked to precious metals.
MarketWatch reported that gold futures tumbled more than $20/ounce on Thursday, pushed down by a report that suggests global demand is waning.
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