2 votes

US Gold Eagles Surge on Friday

US Gold Eagles Surge on Friday

Gold Drops 1.2% for Week as Silver Falls 3.1%,
[selected excerpts from source]
by CoinNews.net on May 5, 2012

Fine Gold BarsGold rose Friday, snapping a string of four straight daily losses. Gains followed the release of disappointing U.S. jobs data which was said to improve the prospects of additional Fed stimulus.

"People are investing in gold for two reasons: One, because they are worried about the economy so this is a safe bet, and also should any kind of monetary of fiscal stimulus be announced, gold will be a good hedge," Pratik Sharma, a fund manager at Boca Raton, Florida-based Atyant Capital Management Ltd., said in a telephone interview that was cited on Bloomberg...Read more>>US Gold Eagles Surge on Friday



Trending on the Web