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Gold May Advance as Growth Concerns Spur Demand, Survey Shows
Sep. 09, 2011 09:32AM PST
Precious MetalsBloomberg reported that gold is expected to gain on weak economic data.
Bloomberg reported that gold is expected to gain on weak economic data.
The market news is quoted as saying:
Twenty-two of 26 traders, investors and analysts surveyed by Bloomberg, or 85 percent, said bullion will rise next week. Two predicted a drop and two were neutral. Gold for December delivery was down 1 percent for this week at $1,857.40 an ounce by 11:42 a.m. yesterday on the Comex in New York after reaching an all-time high of $1,923.70 on Sept. 6.
