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Gold May Climb as Fed Minutes, Weak Consumer Confidence Boost Haven Demand
Aug. 30, 2011 05:30PM PST
Precious MetalsBloomberg reported that economic concerns pushed gold prices back up from their recent drop.
Bloomberg reported that economic concerns pushed gold prices back up from their recent drop.
The market news is quoted as saying:
Immediate-delivery gold was little changed at $1,835.65 by 9:04 a.m. in Melbourne. Bullion has rallied 29 percent this year, touching a record $1,913.50 an ounce on Aug. 23.
