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 Gold Edged Lower Following Monday's Rise but Long-Term Outlook Remains Bullish says Pan American Metals of Miami- Gold Edged Lower Following Monday's Rise but Long-Term Outlook Remains Bullish says Pan American Metals of Miami
- October 11, 2011
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Trichet's remarks caused a slight correction for precious metals.
MIAMI, FL - Gold and other precious metals edged slightly lower today, following a strong rise on Monday, October 10. ECB President Jean-Claude Trichet's remarks about the fear of 'contagion' made many investors nervous enough to look at liquidating, resulting in a stronger dollar and a slight correction for gold. However, there are signs of risk appetite returning, which should bode well for the white metals, which depend heavily on industrial demand, especially considering the possibility of t...
- View more at: http://www.1888pressrelease.com/gold-edged-lower-following-monday-s-rise-but-long-term-outlo-pr-341676.html
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