Gold Prices Spike as Equities See an Exodus
Source: The Street, Alix Steel (8/5/11)
"Gold prices were rising Friday as stocks continue their dramatic selloff despite a better-than-expected read on the labor market."
The Street, Alix Steel
Gold prices were rising Friday as stocks continue their dramatic selloff despite a better-than-expected read on the labor market for July.
Gold for December delivery was up $6.30 to $1,665.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,673 and as low as $1,644.20 while the spot gold price was adding $11.60, according to Kitco's gold index. . .View full article
Gold prices were rising Friday as stocks continue their dramatic selloff despite a better-than-expected read on the labor market for July.
Gold for December delivery was up $6.30 to $1,665.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,673 and as low as $1,644.20 while the spot gold price was adding $11.60, according to Kitco's gold index. . .View full article