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    gold investing

    Gold Dips Below $1400/Ounce While Dollar Gains Momentum

    Investing News Network
    Jun. 10, 2013 07:24AM PST
    Precious Metals

    Reuters reported that gold built on Friday’s losses in London on Monday, against a strengthening dollar.

    As quoted in the market report:

    Reuters reported that gold deepened Friday’s losses in London on Monday, against a strengthening dollar.

    As quoted in the market report:

    The figures out of the States (on Friday) were okay, and today S&P revised the U.S. sovereign credit outlook up to stable from negative, so short term gold could come off a bit and test the $1,320 area again before a rally,” Afshin Nabavi, head of trading at MKS SA said.

    To view the whole Reuters report, click here.

    gold investing
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