London Gold Market Report |
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Gold Falls to 11-Month Low "Right on 3-Year Support Line" as World Equities Reverse their Fannie-n-Freddie Bounce THE PRICE OF GOLD sank in Asia early Wednesday, falling 2.5% from the New York close to bounce off an 11-month low and hold around $774 in the first-half of London dealing. This fresh sell-off in Gold came as world stock markets also fell once again, erasing Monday's "Fannie-n-Freddie" bounce on the back of Wall Street's worst down-day of 2008 so far. Base metals and soft
Filed under: Fundamental
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