Gold Costs Jump As The US Dollar Gets Back (12-May-2011)
Gold costs were hammered on Wednesday as trader emotions received spooked by the recovery in American dollar from a container of foreign currencies while a momentary stop to energy commodity exchanging in NYME additional anxiety. The distinct drop in crude rates also related to the sell-off in yellowish materials after govt information confirmed increasing US crude and gasoline stocks.
Gold commodities for June supply stepped by $16 to stay at $1,500.00 an oz on the Comex division of NYME , whereas the spot yellow metal costs received pummeled by $14.50 to $1,502.00 an oz.
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