Weak U.S. Retail Report Gives Gold Boost

Precious Metals

Reuters reported that gold climbed up Monday, against a dollar held down by a weak U.S. retail report.

Reuters reported that gold climbed up Monday, against a dollar held down by a weak U.S. retail report.

As quoted in the market report:

It appears that gold is benefitting from signs that support Bernanke’s attempt to calm market fears (like weak U.S. economic data),” Deutsche Bank analyst Michael Lewis said.

To view the whole Reuters report, click here.

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