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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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