Gold maintains value in tough times

- May 27th, 2009

Gold Investing News reports gold price remains stable as recession hits the global economy. Gold dropped in Asia on Wednesday, as a rally in the dollar continued for a third day, reducing the appeal of the precious metal as an alternative investment. “The dollar’s rebound has kept gold from gaining further,” Shuji Sugata, research manager … Continued

Gold Investing News reports gold price remains stable as recession hits the global economy.

Gold dropped in Asia on Wednesday, as a rally in the dollar continued for a third day, reducing the appeal of the precious metal as an alternative investment. “The dollar’s rebound has kept gold from gaining further,” Shuji Sugata, research manager at Mitsubishi Corp. Futures & Securities Ltd. said.

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