Outlook for gold gets better

Gold Investing News reports gold has a better outlook than the US economy.

Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on Friday, when it touched $933.65, its highest level in seven weeks, after data showed U.S. core inflation in April rose more than expected. Also supportive were doubts about economic recovery, especially in the United States, the world’s largest economy.

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