5
July
Gold May Resume Advance on Concern Global Economic Recovery Is in Jeopardy
5 July 2010 Bloomberg.com
Gold may advance after two weeks of declines as renewed concern that the global economy is faltering helps to boost demand for the metal as a store of value.
Bullion for immediate delivery rose as much as 0.3 percent to $1,214.60 an ounce before trading at $1,212.43 an ounce at 2:16 p.m. in Singapore. The metal fell 3.5 percent last week after dropping 0.1 percent the week before. August-delivery futures rose 0.5 percent to $1,212.80 an ounce.
