TheStreet.com
Gold Price Draws Bargain Hunters
By Alix Steel
Gold prices settled Wednesday down $100 from its record high of $1,226 on global credit fears, but the precious metal is finding support on the back of a weaker U.S dollar. The U.S. dollar index was slightly lower at $75.90. While gold delivery for February was adding $10.40 to $1,131.30 an ounce at the Comex division of the New York Mercantile Exchange. The contract has traded as low as $1,121.80 and as high as $1,137.70.
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