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MarketWatch reported that gold futures tumbled more than $20/ounce on Thursday, pushed down by a report that suggests global demand is waning.
MarketWatch reported that gold futures tumbled more than $20/ounce on Thursday, pushed down by a report that suggests global demand is waning.
As quoted in the market report:
Selling sentiment in gold keyed off “a weak demand summary from the World Gold Council partly influenced by very tough year-over-year comparisons to the big runup in gold demand associated with the U.S. budget fiasco in August 2011,” said Richard Hastings, macro strategist at Global Hunter Securities.
