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Gold, Metals Extend Losses as Economic Outlook Cuts Demand
Jan. 05, 2011 11:24AM PST
Precious Metals InvestingBusinessweek reports that Gold fell to the lowest price in almost three weeks on speculation that an economic recovery will curb demand for the metal as a haven.
Businessweek reports that Gold fell to the lowest price in almost three weeks on speculation that an economic recovery will curb demand for the metal as a haven.
The market news is quoted as saying:
The dollar strengthened against six major counterparts after a report showed U.S. companies added almost three times more jobs in December than predicted. Gold dropped 3.1 percent yesterday, the most in six months, on an improving outlook for growth.
