Gold Price Swings After G20 Meet

Gold Investing News reports gold lost about 4% after G20 meet.

“High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen by 22 per cent. “Gold jewellery business is suffering under price fluctuations and sales of gold have drastically reduced across cities in the Gulf countries,” he said.

For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on to The Resource Stock Watch.