28
July
Gold May Gain as Lowest Prices in Almost Three Months Fuel Investor Demand
28 July 2010 Bloomberg.com
Gold may gain in New York as the lowest prices in almost three months spur physical demand.
Futures yesterday fell the most in more than three weeks, dropping as low as $1,160.80 an ounce, as a rally in global equities eroded demand for bullion as an alternative investment. Physical demand for gold from India, China and the wider Asian region was “very visible” as prices declined this week, UBS AG said today.
