A Clearinghouse, Providing Links for Economic, Gold, Silver and Common Investing News.
Friday, October 9, 2009
Gold Falls on Bernanke's Words
Gold is seeing a slight drop on the words from Fed Chair Bernard Bernanke's noting they might be ready to tighten dollar production. The other reason for the drop may also be simple profit taking. As gold soared along the entire week, it is natural to think some investors will start taking profits. Silver is also off its' high, but remains above $17. There is little reason to believe that the drop will change the course of the two precious metals, just a one day profit taking session.
Labels:
Bernard Bernanke,
gold and silver,
gold prices,
Kitco,
silver prices
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