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    gold investing

    Gold bounces in thin trade, dollar weighs

    Investing News Network
    Aug. 12, 2010 09:54AM PST
    Precious Metals

    On Thursday, Gold regained strength after falling the previous day as investors sold bullion to cover losses in equities, but a firmer dollar was likely to cap gains.

    On Thursday, Gold regained strength after falling the previous day as investors sold bullion to cover losses in equities, but a firmer dollar was likely to cap gains.

    The press release is quoted as saying:

    Spot gold XAU= added $2.20 to $1,199.20 an ounce by 0046 GMT, still hovering below the closely-watched 50-day moving average.

    Click here to access the entire press release

    gold investing
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