19
May
Gold Drops to Near One-Week Low as Rally Spurs Investor Sales
19 May 2010 Bloomberg.com
Gold tumbled to the lowest level in a week as the metal’s recent rally prompted some investors to lock in gains. Palladium slid to the weakest level in two weeks.
Bullion for immediate delivery slid as much as 1.5 percent to $1,206.75, the lowest level since May 11, before trading at $1,209.50 at 1:02 p.m. in Singapore. June-delivery futures in New York dropped 0.5 percent to $1,209.10.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahqghMebSCQM
