Gold Ends Four Sessions of Losses
Reuters reported that gold prices rose after four consecutive days of losses as lower prices brought buyers back to the market.
Reuters reported that gold prices rose after four consecutive days of losses as lower prices brought buyers back to the market.
The price of gold has fallen about 1.2 percent during the week as concerns over the Eurozone debt crisis linger and China shows signs of weakness.
CNBC News reported that a slight rise in the euro also caused gold prices to increase.
MarketWatch reported that the price of gold dropped as the US dollar rose over concerns about the Greek debt crisis.
CNBC News reported that a lower euro had gold prices tracking lower as well.
Reuters reported that demand for gold in India dropped as prices increased in the country.
Mineweb reported that the price of gold increased but did not recapture the $1600 mark.
Reuters reported that gold rose 1 percent following a gain in the euro.
Gold's price decline has generally moving in the opposite direction of the dollar as the Eurozone continues to attract significant concern and interest in US government debt increases. Spot market gold prices traded today in the range of $1,578.10 per troy ounce for a decline of approximately one percent on the week.
Bloomberg reported that gold is entering a bear market over worries about Greek's economic problems.
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