USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

392

Gold Slid From 24yr High

Gold prices in New York fell from the highest in 24 years

Gold Slid From 24yr High

Gold prices in New York fell from the highest in 24 years on sales by some investors after prices rallied 16 percent in the past five weeks, Bloomberg reported.

Hedge funds and other large speculators have more than tripled their net-long positions, or bets prices will gain, in New York gold futures since the end of July.

Before today, gold had climbed every day this month, as investors sought alternatives to U.S. stocks, bonds and currencies. Gold reached $544.50 an ounce yesterday, the highest since April 1981.


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru