July 30, 2008

Gold Takes Tumble, Lind Plus’ Pavilonis Gives His Take

Category: Broker Commentary, L-W In the News, Market Updates – Kristina Zurla Landgraf – 4:01 pm

Gold futures took a bit tumble today, with the August COMEX contract closing down $13.60 at $902.90 an ounce, after hitting a one-month low intraday. The financial press cited a stronger U.S. dollar and equity market rally as reasons gold has lost some of its appeal today. Lind Plus Senior Market Strategist Dan Pavilonis gave his take on metals market action in a Dow Jones article by  Allen Sykora.

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