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Gold Drops as Economic Recovery Curbs Metal’s Investment Demand
Feb. 04, 2011 07:30PM PST
Precious MetalsBloomberg reports that Gold declined on speculation that an economic recovery will curb demand for the metal as an alternative investment.
Bloomberg reports that Gold declined on speculation that an economic recovery will curb demand for the metal as an alternative investment.
The market news is quoted as saying:
Gold futures for April delivery fell $4, or 0.3 percent, to settle at $1,349 an ounce at 1:15 p.m. on the Comex in New York. This week, the price rose 0.5 percent.
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