Gold prices drop to 1030 dollars

Wednesday Oct 28, 2009

The Gold prices have shown some respite in the last two weeks, with the price coming down to around 1030 dollars yesterday. Just two weeks back, the Gold prices reached a multi-year high of 1067 dollars to an Ounce in the London Bullion Market due to sustained buying by China, Japan and India.
The buying might continue from individual high net worth individuals over the next few months in view of the global economic uncertainty. So expect Gold prices to remain high.

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