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Gold Drops as 10th Annual Gain Prompts Investor Selling
Jan. 03, 2011 10:53AM PST
Precious Metals InvestingBloomberg reports that Gold declined after last year’s rally, and demand dropped on a strengthening dollar.
Bloomberg reports that Gold declined after last year’s rally, and demand dropped on a strengthening dollar.
The market news is quoted as saying:
Gold priced in euros, British pounds and Swiss francs also rose to all-time highs last year as the European Union bailed out Greece and Ireland. Holdings in exchange-traded products, or ETPs, backed by bullion gained 17 percent.
