Gold prices declined sharply today as the US dollar gained against the euro, pushing down the yellow metal following last week’s rally that saw it climb to seven week highs, supported by a rally in global equity markets that increased investors’ appetite for riskier assets such as precious metals and an improved outlook for the Greek fiscal crisis following a successful bond issue and the introduction of a new economic austerity package.Tuesday, March 9, 2010
Gold Slips
Gold prices declined sharply today as the US dollar gained against the euro, pushing down the yellow metal following last week’s rally that saw it climb to seven week highs, supported by a rally in global equity markets that increased investors’ appetite for riskier assets such as precious metals and an improved outlook for the Greek fiscal crisis following a successful bond issue and the introduction of a new economic austerity package.
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