29
October
Gold hovers at $1,030/oz, ETF holdings dip 3rd day
29 October 2009 Reuters
Gold prices steadied around $1,030 per ounce on Thursday, pausing their decline for now after earlier hitting a new three-week low of $1,025.75, but the topside was capped by a recovery in the U.S. dollar.
An extended fall in higher-yielding currencies as well as in stocks, partly reflecting fears over the pace of economic recovery, suggested investors kept unwinding growth-linked trades that had been in vogue in recent months.
http://www.reuters.com/article/goldMktRpt/idUST35132920091029
