Gold value gives up early gains

- April 5th, 2010

On Monday, Gold dropped in thin trade as early bargain hunting faded, with investors closely watching movements of the dollar against other currencies ahead of potentially market-moving U.S. data.

On Monday, Gold dropped in thin trade as early bargain hunting faded, with investors closely watching movements of the dollar against other currencies ahead of potentially market-moving U.S. data.

The press release is quoted as saying:

Spot gold XAU= was at $1,123.60 an ounce by 0315 GMT, down 90 cents from New York’s notional close on Friday. It had hit an intraday high of $1,126.70 an ounce on firmer euro — not far from a two-week high $1,127.75 seen on April 1.

Click here to access the entire press release

Get the latest Gold Investing stock information

Leave a Reply