Gold Prices Down Due to Strong U.S. Economic Data
Gold prices are down today after a steady gain yesterday. Gold was reported at just below $1,400 an ounce this morning as the U.S. dollar got stronger thanks to recently released U.S. economic data. The precious metal continues to disappoint investors and analysts.
It continues to be a rough day for numerous mining and ETFS stock which also saw their stock stumble. Randgold REsources Limited, Harmony Gold Mining Co. Ltd. and Sprott Physical Gold Trust were the only stocks to see their prices rise. After a few days of being negative, Physical Asian Gold also saw their stocks gain nearly 2%.
Source: http://www.goldalert.com/2013/05/gold-prices-down-due-to-strong-u-s-economic-data/
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No, there is NO strong economic data.