3
September
Gold May Rise as Slowdown Spurs Investor Demand, Survey Shows (GC in Bloomberg)
3 September 2010 Business Week
Gold may advance on speculation the U.S.’s economic slowdown will spur demand for the precious metal as a haven from declines in other assets.
Thirteen of 18 traders, investors and analysts surveyed by Bloomberg, or 72 percent, said the metal will gain next week. Three forecast lower prices, and two expected little change. Gold for December delivery was up 1.1 percent for this week at $1,251.70 an ounce at 11:49 a.m. yesterday on the Comex in New York.
