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Commodities Briefing - Categorized | Bullion/Gold, Commodity Crisis, Market Pulse, Price Watch more

Gold hovers near two-week low

Posted on 13 November 2008

From Theage.com.au: Gold hovered near two-week lows as falling oil prices and a weak equities market prompted selling from speculators. Gold was trading at $US713.50 an ounce, up $US2.35 or 0.3% from New York’s notional close on Wednesday, when it fell as low as $US707.80, its weakest since Oct. 27, as investors dumped risky assets including gold and stocks.

“The stock market and currencies are the focus as investors try to gauge the state of the real economy,” said Koji Suzuki, a senior analyst at SBI Futures Co Ltd……. Full Article: Source


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