Wednesday, May 23, 2012

Gold Bubble? Demand Data Continues To Show No Bubble

Gold’s London AM fix this morning was USD 1,555.00, EUR 1,229.44, and GBP 989.56 per ounce. Yesterday's AM fix this morning was USD 1,575.75, EUR 1,233.95, and GBP 998.76 per ounce.
Gold fell $26.20 or 1.64% in New York yesterday and closed at $1,566.80/oz. Gold fell in Asia and those falls continued in Europe where gold has been trading in a $16 range.

Asset Class Performance Since Greek Election– Thomson Reuters
Gold edged down again this morning despite fears that the European

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