3
September
Gold Poised for Fifth Straight Weekly Gain on Economic Growth Concerns
3 September 2010 Bloomberg.com
Gold, little changed, may climb for the fifth straight week on speculation that an economic slowdown will increase demand for the precious metal as a store of value.
Immediate-delivery gold traded at $1,251.40 an ounce at 2:01 p.m. in Tokyo after trading between $1,249.40 and $1,252.35. The price has gained 1.1 percent this week, touching $1,254.73 on Sept. 1, the highest level since June 28.
