Gold slips after 1% drop

- March 9th, 2010

On Tuesday, Gold edged down as early bargain hunting subsided, and dealers reported a weaker U.S. dollar was probably needed to help the metal break free from its current range.

On Tuesday, Gold edged down as early bargain hunting subsided, and dealers reported a weaker U.S. dollar was probably needed to help the metal break free from its current range.

The press release is quoted as saying:

Spot gold XAU= hit an intraday high of $1,124.30 an ounce and was at $1,120.40 by 0253 GMT, down $2.45 from New York’s notional close on Monday, when it fell 1 percent. Bullion was also around 1 percent below a 6-1/2-week high near $1,150 an ounce hit in early March.

Click here to access the entire press release

Get the latest Gold Investing stock information

Get the latest information about companies associated with Gold Investing Delivered directly to your inbox.

Gold Investing

Select None
Select All

Leave a Reply