Home | November 2011News | Pan American Metals of Miami Reports Gold Edging Back up towards $1800 |
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Pan American Metals of Miami Reports Gold Edging Back up towards $1800
- Pan American Metals of Miami Reports Gold Edging Back up towards $1800
- November 12, 2011
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Gold edged back up towards $1800 today as no news seemed to be good news on the European front.
MIAMI, FL - All eyes are still focused on Italy as investors wait for the government to approve austerity measures and for the anticipated resignation of Prime Minister Silvio Berlusconi. The outlook remains optimistic as is reflected in a slight drop in Italy's borrowing costs. The apparent easing of the European situation is causing a drop in the dollar and a corresponding rise in the price of gold.
Some bargain buying took place when the gold price slipped below $1750 briefly and this, co...
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