Gold Fluctuates Amid Signs of Economic Recovery, Stronger Dollar
Investing News Network - January 5th, 2011
SF 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.