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Commodities Briefing - Categorized | Bullion/Gold, Listings/IPO/Stock Market, Price Watch more

Gold “facing competition from stock market” for investment dollars

Posted on 15 March 2013

Gold dropped below $1,580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1,060 and €1,225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data.
Like gold, silver drifted lower this morning, dipping below $28.60 an ounce, while other commodities were broadly flat and European stock markets ticked higher. U.S., U.K. and German government bond prices fell, while the U.S. Dollar Index, which measures the Dollar’s strength against a basket of other currencies, rose to its highest level since August………………………………….Full Article: Source


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