Gold slipped after a positive start on Sept 30, falling back below the watershed $900 per ounce, seesawing between a broad range of $880 -900 as the global markets retreated from the initial havoc that was caused by the massive slide on the Wall street on Sept 29. The momentum in Gold, which has been tracking the global equity markets very closely off late as investors have shown a great appetite for the commodity in times when all the assets are plunging.
European shares moved off lows in a volatile session, as investors started to hope that a $700 billion US plan to shore up financial markets will eventually be approved. Meanwhile, US. President George W. Bush has called for urgent action, as US economy needs a Bailout Bill in order to avoid "painful and lasting" economic damage.
European shares moved off lows in a volatile session, as investors started to hope that a $700 billion US plan to shore up financial markets will eventually be approved. Meanwhile, US. President George W. Bush has called for urgent action, as US economy needs a Bailout Bill in order to avoid "painful and lasting" economic damage.
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