26
Mar
Spot Gold Price Jumps
gold nugget specimen
Spot gold was up this morning by over $14 per once. The gold price was driven by a combination of Greece-driven debt worries, earthquake news out of Chile, and reports that North Korea may have hit and sunk a South Korean naval ship with a torpedo.
“We had an oversold condition and when the Korea news hit the desks, gold took off,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago.
