Alexander
User
Platinum Boarder
| Posts: 333 |  |
Karma: 7
|
Gold May Fall on Expectations - 2008/11/11 19:14
Good day, ladies and gentlemen. Gold, little changed today in London, may decline on expectations German investor confidence is at a record low and as a stronger dollar reduces the metal's appeal as an alternative investment.
Bullion ended two days of gains following a 1.3 percent increase yesterday after China said it would spend $586 billion to maintain growth in the world's fourth-largest economy. German investor confidence probably stayed near a record low in November after the financial crisis pushed Europe's largest economy to the brink of a recession, a Bloomberg survey showed.
Gold for immediate delivery lost 73 cents, or 0.1 percent, to $745.47 an ounce as of 9:05 a.m. in London. December futures declined $1.70 to $744.80 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange.
Cheers 
|
Traders Forum 
