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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Precious metals prices slide as gold demand falls

Posted on 27 February 2009

From Metalmarkets.org.uk: Precious metals prices were lower in New York on Thursday after the demand for gold declined as equities markets gained enough that investors were not as worried about finding safe places to put their cash.

Price gains in the recent rally, which took the price of gold above $1,000 per troy ounce for a time, have many investors waiting for better prices to come along, with one analyst predicting that demand could return after gold drops below $920 per troy ounce….. Full Article: Source


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