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Gold Market $15 Loss in two Days


The Gold investment market has made a $15 loss over the last two days. Dropping from a high of around $623 on Monday 28th August 2006 to a low of around $608 on Tuesday 29th August 2006.
The Gold market recovered at the close of the New York Gold market slightly to around $611 per ounce of Gold Bullion.

Gold Bullion MarketLower oil prices didn’t help the Gold Market price on Tuesday 29th August 2006. Gold followed the price of Oil as the Oil prices lost $1 on a barrel. The weak Dollar helped to support the Gold Market to a certain extent but the possibility of rising interest rates in the future has also affected the Gold Bullion Investment Market.

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This entry was posted on Tuesday, August 29th, 2006 at 9:55 pm and is filed under Gold. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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