London Gold Market Report |
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Gold Touches 4-Session High as Credit & Monetary Stimulus Hits UK, US and China SPOT GOLD PRICES recovered one-half of an early 1.5% dip in London on Wednesday, trading $5 below Asia's four-session high of $818 per ounce as crude oil rose together with US stock futures. The Euro dropped a cent to the Dollar and the British Pound slipped almost 1.5¢. The Shanghai stock market closed more than 7% higher – its best one-day gain in four months – on rumors of a post-Olympics stimulus package
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