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Investment 2013: With Asia Shut, Gold Declines In Thin Dealings
« on: February 18, 2013, 01:21:37 PM »
With Asia Shut, Gold Declines In Thin Dealings

Gold fell to a one-month low Monday, hit by technical selling after prices slid through support at $1,650 an ounce, and as investment appetite for physical metal dropped. Analysts said downward moves were exaggerated due to low liquidity, as China, Japan, Singapore, Hong Kong, Korea and other Asian markets were closed this week for Lunar New Year. "Until physical bullion buyers resurface, we see gold as likely to face further near-term pressure,"

Source: With Asia Shut, Gold Declines In Thin Dealings

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