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Gold rises as soft U.S. data pressures other assets
Jul. 15, 2010 06:56PM PST
Precious Metals InvestingOn Thursday, Gold rose, benefiting from a retreat in risk appetite after soft U.S. economic data knocked stocks, the dollar and industrial commodities lower.
On Thursday, Gold rose, benefiting from a retreat in risk appetite after soft U.S. economic data knocked stocks, the dollar and industrial commodities lower.
The press release is quoted as saying:
Spot gold was bid at $1,211.70 an ounce at 1528 GMT against $1,207.50 late in New York on Wednesday. U.S. gold futures for August delivery rose $5.40 to $1,212.40.
