Message: World's Economic Woes ensure price of Gold will go higher!
Economic Woes Boost Spot Gold Prices
By Andrea Tse 
04/07/10 - 02:57 PM EDT
NEW YORK (TheStreet) -- New York spot gold prices have firmed up Wednesday afternoon, on the heels of Fed Reserve chairman Ben Bernanke declaring that the country is still fighting steep unemployment and housing market troubles."New York spot bullion dealings started in the 'green zone' this morning, with gold rising $1.30 per ounce. The yellow metal was quoted at $1,135.60 as against a 0.28 gain in the dollar on the index (to 81.64)," Kitco analyst Jon Nadler noted.
04/07/10 - 02:57 PM EDT
NEW YORK (TheStreet) -- New York spot gold prices have firmed up Wednesday afternoon, on the heels of Fed Reserve chairman Ben Bernanke declaring that the country is still fighting steep unemployment and housing market troubles."New York spot bullion dealings started in the 'green zone' this morning, with gold rising $1.30 per ounce. The yellow metal was quoted at $1,135.60 as against a 0.28 gain in the dollar on the index (to 81.64)," Kitco analyst Jon Nadler noted.
Spot gold prices have risen $18.50, or about 1.6%, to $1,152.80 an ounce.
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