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Gold dips, heads for 1st weekly drop in over a month
Sep. 10, 2010 03:36PM PST
Precious Metals Investing
On Friday, Gold edged down, heading for its first weekly decline in more than a month as stock markets gained, but bargain hunting could cushion the fall, with sentiment in the financial markets still fragile.
On Friday, Gold edged down, heading for its first weekly decline in more than a month as stock markets gained, but bargain hunting could cushion the fall, with sentiment in the financial markets still fragile.
The press release is quoted as saying:
Spot gold fell $1.27 an ounce to $1,247.00 an ounce by 0559 GMT, after falling as low as $1,242.20 on Thursday, partly driven by technical selling from recent highs. Bullion, which struck record around $1,264 in June, is headed for a weekly drop of 0.2 percent, its first in six weeks.
