Sunday, April 29, 2007

Gold Falls in Asia as Japan Holiday Reduces Investor Demand; Silver Drops

(Bloomberg) -- Gold fell in Asia today amid reduced investor demand due to a national holiday in Japan. Silver also fell.

Gold, which reached a two-week low of $671.15 on April 27, last week fell for the first week in eight as investors bet the recent rise to an 11-month high was overdone. Trading will be subdued because of a public holiday in Japan today, May 3 and May 4, and in China from tomorrow until May 4.


Read more at Bloomberg Commodities News

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