At CNBC: Gold gains on physical buying as dollar drops
Gold gains on physical buying as dollar drops
“Gold’s drop below $1,200 an ounce is sparking some more physical buying, especially from (Asia),” said Edmund Moy, chief strategist for California-based Fortress Gold, a provider of bullion-backed retirement accounts.
“The spate of economic news has put downward pressure on gold, but the payrolls report might have painted a much better picture for the job market what it really is,” Moy said.
Read the full article at CNBC.com.
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