Gold Takes Tumble, Lind Plus’ Pavilonis Gives His Take

By Kristina Zurla Landgraf • Jul 30th, 2008 • Category: Broker Commentary, MF Global in the News, Market Updates

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.

Tagged as: COMEX, commodities, futures, Gold, precious metals

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