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Gold Watch: Falling crude prices weigh down gold
Posted on March 31, 2008
June gold fell $15 to $921.50 an ounce on the Comex division of the New York Mercantile Exchange. As pit trade was closing, the June contract at the Chicago Board of Trade was down $15.10 to $921.50. Dow Jones reports: Gold and other precious metals finished weaker Monday in response to a slide in crude oil and other commodities, as well as end-of-quarter long liquidation, traders and analysts said. It looks like a fairly broad-based sell-off, said Andrew Montano, director of precious metals at Scotia Mocatta. There is not a lot of support for commodities in general, but oil is the really bi...
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