Gold gets another lift on global economic worries | Money & Company
For months, the gold market has been in a tug of war between two camps: Hedge funds and other institutional investors and speculators have been bailing out of gold futures contracts to raise cash, while individual investors have been hungry buyers of gold coins and bars. The sellers had prevailed for most of the last six weeks, driving the metal down to near $700 an ounce by Nov. 13, from $900 in late September. Now it looks like the buyers finally are ... Full Story »
Posted by Marc Larocque
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