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Tuesday, July 23, 2013

Gold Consolidates Near Record Highs



June 30, 2010 by · Leave a Comment 

Mark O’Byrne submits:

Gold: Risk aversion led to falls in equity and commodity markets yesterday but gold again managed to eke out a 0.5% gain. The complacency of recent months is being challenged by a raft of negative data and by increasingly precarious fundamentals. Concerns about Chinese and global economic growth and about the European banking system and sovereign debt are leading to continuing diversification into gold.

Gold is currently trading at $1,244/oz and in euro, GBP, CHF, and JPY terms, at €1,013/oz, £828/oz, CHF 1,344/oz, JPY 110,343/oz respectively.

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