An ugly day for all the commodities and mining sto
Post# of 4018
Posted On: 06/28/2013 8:00:09 PM
An ugly day for all the commodities and mining stocks.
Gold futures tumbled more than 23% in the second quarter, posting the steepest quarterly loss since modern trading began in the mid-1970s after a stampede for the exits on fears that a stronger U.S. economy would continue to push up government bond yields and the U.S. dollar, tarnishing the attractiveness of the precious metal.
Gold for August delivery GCQ3 +1.91% erased an early dip below $1,200 an ounce Friday to end floor trading on the Comex division of the New York Mercantile Exchange at $1,223.70 an ounce, up $12.10, or 1%.
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