For those who love,buy,sell,invest in,or are just interested in gold. As our government is intent in spending us into possible monetary collapse. More people are buying and holding gold and other precious metals (PMs).
Monday, March 8, 2010
Gold Price Report - March 8, 2010
Early this morning gold dropped a quick ~5 points to lows at $1130.00. By 10:00 am SMH reported gold as a sector laggard as it was down 0.4%. At midday, gold dropped to new session lows as the dollar index moved into positive territory. Gold closed down at $1123.70. In summary, gold sold off as the dollar pared its early losses this morning, but it moved modestly higher off session lows and traded relatively flat for the remainder of the session, netting marked losses. April gold closed 1.0% lower at $1124.00 per ounce. Gold futures are still above their 50 moving average near the $1109.50 level.
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