14
July
Gold May Decline as Signs of Global Economic Recovery Cool Investor Demand
14 July 2010 Bloomberg.com
Gold, little changed in Asian trade, may decline as signs that the global economic recovery is taking root sap investor demand for the metal as a store of value.
Gold for immediate delivery lost $1.11, or 0.1 percent, to $1,211.23 an ounce at 12:47 p.m. in Tokyo. Singapore’s government today raised the forecast for full-year economic growth to as much as 15 percent, while Intel Corp., the biggest chipmaker, yesterday reported record second-quarter sales.
