Gold Skirts Two-Week Low, Investors Turn Focus Elsewhere

Reuters reported that gold hit a two-week low on Friday, as fewer investors were seeking safe haven in the investment.

As quoted in the market report:

Concerns over the stability of the bloc’s financial sector had supported demand for gold as a haven from risk. On Friday its failure to rise along with a stronger euro and gains in equities, which have typically boosted prices in the past year, exacerbated investors’ lack of confidence, traders said.

To view the whole Reuters report, click here. 

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Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

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