Gold News

Investors turning their attention to the results of stress tests on U.S. banks that could potentially benefit the metal

Gold trading around the $900 mark after a correction

investors turning their attention to the results of stress tests on U.S. banks that could potentially benefit the metal

Gold dipped below $900 an ounce on Wednesday after a firmer U.S. dollar spurred selling, with investors turning their attention to the results of stress tests on U.S. banks that could potentially benefit the metal. The U.S. government stress test results are due on Thursday and could show about 10 of the 19 largest U.S. banks under review would need to raise more capital. A source familiar with results said Bank of America was deemed to need an additional $34 billion in capital. Gold is trading at $904 as of 10:17am, London Time.

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