27
August
Gold Fluctuates in London as Prices at Eight-Week High Spur Investor Sales
27 August 2010 Bloomberg.com
Gold fluctuated in London as some investors sold the metal after prices rallied to an eight-week high on concern that economies are stalling.
Bullion headed for a fourth weekly advance and is trading 2.3 percent below a record. Prices yesterday reached $1,244.30 an ounce, the highest level since June 30. The U.S. economy probably expanded less than initially estimated in the second quarter, economists expect a report to show today. The dollar was little changed against the euro and European equities fell.
