27.11.2009 - Profit taking brings gold price back from the brink
From Mineweb.com: Eastern market buying , following news of yet another Central Bank IMF gold purchase - this time a relatively small amount - 10 tonnes (by Sri Lanka) kept gold surging up to over $1195 an ounce, just short of yet another round figure psychological barrier, before profit taking in Europe came in as markets opened and dropped the price back around $10-15. With the U.S. market closed for the Thanksgiving holiday, gold is likely to remain thinly traded until Monday at the earliest. It will be interesting to see the U.S. take on the gold price level when traders get back to their offices.................................Full Article: Source