Gold News

Gold prices steady as traders fear a double-dip recession

Gold prices steady as traders fear a double-dip recession

Gold is trading at $1,072 as of 8:00am, GMT, with a bullish trend

Gold prices traded above $1,070 on Tuesday, however investors arecurbing appetite for riskier assets such as commodities. As long asmoney is flowing out of risk assets such as commodities into thedollar, commodities are likely to remain top-heavy,” Yuichi Ikemizu,Tokyo branch manager for Standard Bank, said in a report. The Dowclosed below 10,000 for the first time since November on Monday asinvestors sold bank shares due to heightened concerns about the eurozone’s sovereign debt troubles. Gold is trading at $1,072 as of 8:00am,GMT, with a bullish trend. Gold