Morning Gold Fix: June 30, 2010Submitted by Tyler Durden on 06/30/2010 08:26 -0500
http://www.zerohedge.com/article/morning-gold-fix-june-30-2010
Gold traded in a wide range on Tuesday as markets reacted to frightening news. Slowing growth from China shocked the market, driving oil prices more than $3 lower,dropping the Standard & Poor 500 ~30 handles and leaving gold and the dollar as the prime beneficiaries. More contagion fears from Europe and paltry consumer confidence reports didn’t help matters either. Gold sold as low as $1228 per 100 troy ounces on Tuesday before ultimately closing just over $1246, a $4.80 gain for the day.
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