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Gold Fluctuates Amid Signs of Economic Recovery, Stronger Dollar
Jan. 05, 2011 11:45AM PST
Precious MetalsSF Gate reports that Gold fluctuated as some investors sold the metal as prospects for a global recovery boosted the dollar.
SF Gate reports that Gold fluctuated as some investors sold the metal as prospects for a global recovery boosted the dollar.
The market news is quoted as saying:
Gold slumped yesterday, together with base metals and oil, on speculation that the stronger dollar and a rally in equities will pare investment demand for commodities. The U.S. currency climbed for a third day today before a U.S. report that may show services industries grew at the fastest pace in 4 1/2 years.
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MARKETS
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| Commodities | |||
|---|---|---|---|
| Gold | 2389.78 | +7.99 | |
| Silver | 28.27 | -0.62 | |
| Copper | 4.30 | -0.08 | |
| Oil | 85.16 | -0.25 | |
| Heating Oil | 2.66 | 0.00 | |
| Natural Gas | 1.73 | +0.04 | |
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