Gold fell from a five-week high amid concerns that slower growth will curb demand for bullion.
The world economy will expand by 2.5 percent this year, down from a June estimate of 3.6 percent, as the euro area contracts 0.3 percent, the World Bank said. Gold climbed to a five-week high yesterday as Spanish and Greek borrowing costs fell and on speculation that China may ease monetary policy.
“The World Bank report shows that global growth will continue to remain an issue,” David Meger, the director of metal trading at Vision Financial Markets in Chicago, said in a telephone interview…..http://www.bloomberg.com/news/2012-01-18/gold-may-fall-as-industrial-metals-drop-on-concern-about-economic-growth.html
February Gold - click to enlarge
