10.05.2012 - "Bearish" gold bullion "opens up $1522" as markets ponder "contagion" effects of Greek uncertainty
Dollar Gold Bullion prices dropped to a four month low of $1581 per ounce in Wednesday morning's London trading – 3.7% down on the week so far – while stocks and commodities also fell and US Treasuries gained, with Greek uncertainty continuing to cast a shadow over markets. A day earlier, gold fell below $1600 for the first time since early January. "Gold seemed to know only one direction today – down," says Tuesday's note from Swiss precious metals group MKS...............................................Full Article: Source
Print