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Gold Rebounds in New York Amid Signs U.S. Economic Recovery Is Faltering
Aug. 01, 2011 10:54AM PST
Precious MetalsBloomberg reported that gold is rallying on signals that the US economy will continue to struggle.
Bloomberg reported that gold is rallying on signals that the US economy will continue to struggle.
The market news is quoted as saying:
Gold futures for December delivery rose $2.20 to $1,633.40 at 11:46 a.m. on the Comex in New York. Earlier, the price dropped as much as 1.4 percent as traders awaited the vote on the debt-ceiling agreement.
