The Conversation (0)
Gold Dips Slightly, On Track for Second Weekly Gain
May. 31, 2013 06:33AM PST
Precious Metals InvestingReuters reported that gold is losing some of its momentum, but that the beleaguered precious metal is on pace for a second weekly gain, on easing concern around possible U.S. Fed retreat on monetary easing.
Reuters reported that gold is losing some of its momentum, but that the beleaguered precious metal is on pace for a second weekly gain, on easing concern around possible U.S. Fed retreat on monetary easing.
As quoted in the market report:
Spot gold touched its highest since May 15 at $1,421 an ounce, before retreating to $1,412.26 at 1144 GMT, down 0.1 percent. U.S. gold stood unchanged on the day at$1,411.80 an ounce.
