Gold futures rises for a second session following the metal’s recent sharp losses, while a worse-than-expected quarterly loss from Alcoa Inc. underscores concerns about economic woes.
Source:Metals Stocks: Gold rises for second session on bargain hunting (Market Watch)
Feb. 25 (Bloomberg) — Gold rose, erasing earlier losses, on speculation that the economy will worsen and the credit crisis will deepen, boosting the appeal of the precious metal as an alternative investment. Silver gained.
Source:Gold Gains as U.S. Stocks Fall on Economic Woes; Silver Rises (Bloomberg)
By SARA LEPRO Gold prices plunged Wednesday as investors, fearful that a prolonged economic downturn will result in a sharp drop in demand for basic materials, continued their exodus from commodities. Energy prices and most agriculture futures also fell. Investors have fled both commodities and stocks amid a worsening global economic crisis, which was sparked by the bust of the U.S. housing …
Source:Gold, other commodities plunge on economic woes (Fort Worth Star-Telegram)