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- Gold slowly recovers from a four-year low
Gold slowly recovers from a four-year low
Gold was able to recover a little from its four-year low from yesterday as the U.S. dollar further retreated from a five-year high and was judged oversold by investors that are betting on a rebound after yesterday's lowest price since April 2010 trading at USD1,137.50. The weaker U.S. dollar further helped gold's recovery. Investors still awaiting the outcome of today's ECB meeting and what steps will be taken in order to spur growth and inflation in the euro zone.
GOLD recovered from 4-year low currently trading at USD1,143.70
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