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Gold Down, but Still on Track for Big Quarterly Gain
Sep. 28, 2012 10:20AM PST
Precious Metals Investing
CNBC reported that gold fell due to the dollar’s rise, but is still set to gain 10.9 percent this quarter. That would be the biggest gain for the metal since the second quarter of 2010.
CNBC reported that gold fell due to the dollar’s rise, but is still set to gain 10.9 percent this quarter. That would be the biggest gain for the metal since the second quarter of 2010.
As quoted in the market news:
The precious metal is within $10 of the 6-1/2 month high it hit earlier in September after the Federal Reserve unveiled a third round of gold-friendly quantitative easing, a move widely tipped to spark a rally back above $1,800 an ounce.
Spot gold was down 0.2 percent at $1,774 an ounce, while U.S. gold futures were down 0.1 percent an ounce at $1,775 an ounce.
Click here to read the full CNBC report.
