Gold Prices Fall Before the Open

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Gold Prices Fall Before the Open

Published on Tuesday, 18 May 2010 07:33 Written by Danny Miller

gold New York, May 18^th (TradersHuddle.com) – The Spider Gold (NYSE:GLD), will likely see further weakness into the start of today’s trading session.

Despite yesterday weakness shares of the Gold Spider ETF held above the $119 level. However this morning Gold, the precious metal, dropped to their lowest levels before the market open. Gold is off $19.80 to $1208.30 as the flight to safe haven assets eased.

Investors remained cautious, as measures to cut out of control fiscal deficits in the euro zone will likely reduce economic growth in the region, and significant macro uncertainty concerning the euro remains.

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