Commodity Blog |
| Gold Gains After Fifth Monthly Drop Posted: 28 Feb 2013 08:04 PM PST Gold advanced today on speculations that recent losses made the metal more attractive to investors. The precious metal posted the fifth monthly drop, the longest stretch of losses since 1997. Prices for gold slumped as much as 5.1 percent in February as traders preferred the dollar as a safe asset. Investment holdings slid 4.2 percent. Not everything is lost for gold though. Central bank of the United States and Europe indicated that they are [...] |
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