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 Gold Settles Slightly as Dollar Strengthens says Pan American Metals of Miami- Gold Settles Slightly as Dollar Strengthens says Pan American Metals of Miami
- October 11, 2011
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Trichet's remarks cause gold's rise to stall.
MIAMI, FL - Gold prices settled today with a slight correction leaving the yellow metal in the $1660 range. As anticipated, yesterday's strong rally provoked some profit taking but a stronger dollar also contributed to gold's sideways move. There is still considerable concern about the crisis in the euro zone and what effect this could have on global stability, encouraging investors to think of liquidation again.
Monday's meeting between French President Nicolas Sarkozy and German Chancellor ...
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