Bernanke Stalls Gold Bulls

- July 23rd, 2009

Gold Investing News reports gold steadied above $950.00 per ounce. Gold steadied above US$ 950 per ounce on Thursday as the US dollar stayed near a seven-week low against a basket of currencies marked the previous day, maintaining bullion’s allure as an alternative asset. Earlier this month, economic worries encouraged investors to buy the US … Continued

Gold Investing News reports gold steadied above $950.00 per ounce.

Gold steadied above US$ 950 per ounce on Thursday as the US dollar stayed near a seven-week low against a basket of currencies marked the previous day, maintaining bullion’s allure as an alternative asset. Earlier this month, economic worries encouraged investors to buy the US dollar and US Treasuries instead of gold, dragging the precious metal’s prices down towards US$ 900.

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