Gold drops sharply as “hope” reigns supreme

posted by
August 24, 2011
BBC News [UK]    
Posted in News, PND News

"The price of gold dropped almost 6% by the end of the London trading session, a fall of more than $100. Gold stood at $1,770 an ounce, down from Tuesday's 'fix,' or end price of $1,876. During a volatile week for the precious metal, its price has fallen since topping $1,900 an ounce during trading overnight in Asia on Tuesday. Analysts put the falls down to profit-taking and hope of new measures in the US to try to bolster its recovery." (08/24/11)

http://www.bbc.co.uk/news/business-14656210  

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