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London Gold Market Report

posted by Avatar ooogleemooglee 1858 days ago in Metals made popular 1858 days ago

Gold Ticks Higher on Nigeria Oil Blockage, "Massive" Bond Unwinding, German Bank Rescue SPOT GOLD PRICES ticked higher in the first-half of London trade on Tuesday, holding 0.6% above Monday's low of $912.50 per ounce as crude oil rose to a new record high and government bond prices fell sharply, pushing longer-term interest rates higher. Mining and oil stocks rose in Europe, but banking shares fell after a private-sector rescue of a leading "pfandbrief" lender to Germany's federal-state
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