Market Chatter: Gold Falls After Rally to Two-Week High Curbs Investor Demand
"Gold declined for the first time in three days in New York as a rally to the highest price in almost two weeks spurred investors to sell and curbed physical demand," Bloomberg reported.
It noted: "Federal Reserve Bank of Boston President Eric Rosengren said yesterday policy makers may enlarge their $85 billion monthly purchases of debt to meet their twin goals of stable prices and full employment. Treasury Secretary Timothy F. Geithner warned the government's borrowing limit may be breached as early as next month if the ceiling isn't raised. The World Bank cut its global growth forecast for this year yesterday."
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