Can the Stock Market Continue Rising? Gold, Too?

Precious Metals

Kitco.com reported on Can the Stock Market Continue Rising? Gold, Too?

Kitco.com reported on Can the Stock Market Continue Rising? Gold, Too?

Gold prices remained above the $1210 level overnight but the metal was as yet unable to add significant amounts to Tuesday’s Portuguese downgrade-induced gains as rising overseas equities markets and a rebound in the euro capped advances. Indian buyers remained on the sidelines as shopkeepers reported no changes in pending orders for bullion purchases from would-be buyers under the $1190 value zone- the very price neighborhood from which the yellow metal rebounded recently. Should assaults on the $1220-$1235 region fail to be successful, such buyers may yet see their orders filled.

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