May 17, 2011, 1:16 p.m. EDT
Gold, silver fall in commodities selloff
By Claudia Assis and Sarah Turner, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures traded modestly lower Tuesday after an early rebound fizzled, with the metal feeling the pinch of a rising dollar and a selloff for other commodities.
Gold for June delivery declined $7.80, or 0.5%, to $1,482.80 an ounce on the Comex division of the New York Mercantile Exchange.
Investors are leaving commodities and other so-called riskier trades “into cash or cash-equivalent,” said Michael K. Smith, with T & K Futures in Florida. “Everybody got their selling shoes on.”
Full article: http://www.marketwatch.com/story/gold-futures-rebound-in-electronic-trading-2011-05-17?link=MW_home_latest_news
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 