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Gold May Gain in London as Price Decline Spurs Physical Demand
Nov. 24, 2011 10:51AM PST
Precious MetalsBloomberg reported that increased demand for physical gold may cause a price rally.
Bloomberg reported that increased demand for physical gold may cause a price rally.
As quoted in the market news:
The metal has dropped 5 percent since Nov. 8 and fell to $1,667.03 an ounce on Nov. 21, the lowest price in almost four weeks. German Chancellor Angela Merkel said today joint euro bonds would send a “wrong signal,” damping optimism about a potential remedy for the region’s debt crisis.
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