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Spot Gold Once Sags 1%+ on Lukewarm Trading, Profit Taking
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With the US and China stock markets close on Monday (16th), market trading is lukewarm, prompting spot gold to sag by 1.3% at one point. It last shed 0.61% to USD5,015 per ounce, as investors took profits following a 2.5% leap in gold prices in the previous trading day. KCM Chief Analyst Tim Waterer stated that, given muted trading and a lack of new upside catalysts, gold prices gave back some of the gains made after last Friday's inflation data release. AASTOCKS Financial News Website: www.aastocks.com |
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