London Gold Market Report |
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Gold Bounces as Dollar Stalls; Surging "Deflation Trade" in Bonds & Euro Ignores Cost of US Bail-Outs SPOT GOLD PRICES for physical metal rose steadily overnight in Asia and London on Friday, bouncing 2.8% from yesterday's 11-month low to touch $758 an ounce as world stock markets also ticked higher. Crude oil struggled above $102 per barrel despite Hurricane Ike strengthening as it heads for the oil-rich Texas coast. The US Dollar continued Thursday's swoon on the forex markets, meantime,
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