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Gold Ticks Up After 3 Percent Weekly Drop (25-Jun-2012)

Indian-Commodity  :  Commodity-Market >> Gold Silver Bullion  :  Gold Ticks Up After 3 Percent Weekly Drop
Gold Ticks Up After 3 Percent Weekly Drop
Gold prices edged up after falling more than 3 percent last week, as deflation worries persisted on growing concerns of global economic slowdown. The yellow metal shed most of its early gains and is trading almost flat for the year, while the interests on bullion could be limited by a steady US dollar.

The most-active US gold futures contract for August delivery rose $7.30 to $1,574.20 an ounce. While, spot gold added $1.70 to $1,573.14 an ounce, well below a record of about $1,920 hit in 2011.
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