Gold Sector Punches Higher

Market News

Gold Investing News reports gold sector moves slightly higher this month. In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at …

Gold Investing News reports gold sector moves slightly higher this month.

In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at $966.40 an ounce against $958.80 an ounce late in New York on Thursday.

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