Gold eases on technical selling

3 August 2010  The Globe and Mail

The Globe and Mail

Gold GC-FT turned lower Monday despite broad metals and commodity gains amid economic optimism, as technical selling put a damper on bullion’s initial rise.

Silver SI-FT and platinum group metals, however, climbed on positive economic sentiment amid sharp industrial metal gains, while crude oil CL-FT jumped nearly $3 to above $81 (U.S.) per barrel and as the euro hit its highest level since early May.

http://www.theglobeandmail.com/report-on-business/gold-eases-on-technical-selling/article1659505/