The Other Price of Gold

Kitco.com reported on the Other Price of Gold:

Gold prices remained above the $1210 level overnight but the metal was as yet unable to add significant amounts to Tuesday’s Portuguese downgrade-induced gains as rising overseas equities markets and a rebound in the euro capped advances. Indian buyers remained on the sidelines as shopkeepers reported no changes in pending orders for bullion purchases from would-be buyers under the $1190 value zone- the very price neighborhood from which the yellow metal rebounded recently. Should assaults on the $1220-$1235 region fail to be successful, such buyers may yet see their orders filled.

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