Higher NY Gold Pares Gain After Retail Sales (GoldCore Quoted)

14 December 2009  Wall Street Journal

Wall Street Journal

Gold futures rose sharply overnight on a return of risk appetite, then pared their gains in early U.S. trading hours Friday after stronger-than-forecast U.S. retail sales underpinned the U.S. dollar.

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GoldCore analysts said the Chinese data bodes well for physical demand out of the country ahead of the Chinese New Year.

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