( From GoldAlert.Com )
Gold slid $4.75 to $1,332 per ounce this morning despite the continuation of protests in Egypt. The U.S. dollar weakened against the euro, giving a boost to oil and copper prices. Gold, however, could not hold all of Friday’s $23 rally as investors shed long gold futures positions on the COMEX.
S&P 500 stock futures gained 4.60 to 1,276.30 in spite of weakness in emerging market equities, which fell to six-week lows as measured by the MSCI Emerging Markets Index.Gold slid $4.75 to $1,332 per ounce this morning despite the continuation of protests in Egypt. The U.S. dollar weakened against the euro, giving a boost to oil and copper prices. Gold, however, could not hold all of Friday’s $23 rally as investors shed long gold futures positions on the COMEX.
Source link:http://www.goldalert.com/2011/01/dollar-gold-slide-oil-rallies/
