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Spot gold falls below $870/oz as sentiment turns negative

Thu, Sep 25, 2008

Gold Market News

Reuters reports markets for spot gold fell more than 2% while the US financial sector’s massive bailout is expected to close a deal.

Spot gold was bid at $869.12 an ounce at 1437 GMT from $881.00 late in New York on Wednesday.

Traders said negative sentiment had been reinforced by selling related to options ahead of contract expiry.

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  1. Spot gold falls below $870/oz as sentiment turns negative · Trading-Stocks.ExplainedHere.Net Says:
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  2. Spot gold falls below $870/oz as sentiment turns negative · Stocks101.ExplainedOnline.Net Says:
    September 25th, 2008 at 10:57 am

    [...] Original post by LastBull [...]

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  • For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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