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Gold today...

By: Decomposed in ROUND | Recommend this post (0)
Tue, 14 Jun 11 4:25 AM | 42 view(s)
Boardmark this board | De's Test Board

Msg. 33429 of 45644
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Gold bounces after 1 percent fall; economy worries weigh

SINGAPORE | Mon Jun 13, 2011 8:31pm EDT

SINGAPORE (Reuters) - Gold rebounded on Tuesday after posting its biggest one-day loss in a month in the previous session on growing worries about another economic downturn, but a weaker U.S. dollar could offer some support.

FUNDAMENTALS

* Spot gold added $3.88 an ounce to $1,518.61 an ounce by 0017 GMT after falling as low as $1,511.11 on Monday, its weakest since late May. Gold is well below a lifetime high around $1,575 touched in early May.

* Silver rose 33 cents to $35.02 an ounce, below a record at $49.51 an ounce in April.

Full story: http://www.reuters.com/article/2011/06/14/us-markets-precious-idUSTRE7592IU20110614

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

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