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gold-investing

Gold Falls to Lowest Price

Investing News Network
Nov. 16, 2010 06:11PM PST
Precious Metals Investing

Bloomberg reports that Gold fell to the lowest price in almost two weeks.

Bloomberg reports that Gold fell to the lowest price in almost two weeks.

The market news is quoted as saying:

The dollar advanced for a second straight day, rising as much as 1.2 percent against a basket of six major currencies. Before today, gold gained 25 percent this year, touching a record $1,424.30 an ounce last month on speculation that the Federal Reserve’s program to buy back bonds to bolster the economy would erode the U.S. currency.

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