Gold Markets - Global commodities sinkAfter a rollercoaster ride, the gold price sunk 2.4% to close Friday at $656/oz while silver dropped 8.7% to close at $11.74/oz. Although gold traded within a tight range during the first half of the week, it eventually succumbed to selling pressures on Thursday, plunging some $25 at its low, as global credit concerns wrecked havoc on the global commodity markets. However, gold rebounded on Friday, recovering some of its earlier losses as th…
Original Post By Google News Merrill Lynch
Entries (RSS)