29
March
Gold May Drop for Fourth Day on Signs U.S. Economic Recovery Is Stronger
29 March 2011 Bloomberg.com
Bullion pared some of its losses after Standard & Poor’s cut credit ratings for Greece and Portugal, and as Syria’s government resigned in the wake of protests that began earlier this month.
“Safe-haven demand looks set to continue and may accelerate due to increased geopolitical instability, the effects of the Japanese crisis on the yen and the global economy and the unresolved European sovereign-debt crisis,” analysts at GoldCore Ltd. in Dublin said in an e-mail.
