08 December 2010

Coin and Bar bargain hunters return as gold and silver corrects further

Strong dollar causes precious metals to correct further after recent strong rally

Gold's correction accelerated on Wednesday, as prices looked set to hit a one week low caused by a strengthening dollar after a deal between Republican and Democrats on U.S. taxes boosted economic optimism.

Meanwhile interest at BullionSupermarket.com spiked as coin and bar bargain hunters returned to the site to watch for bargains.

Premiums for 1 Kilo Gold Bars were trading at an average of 8.6% over fix, premiums left elevated as the market takes time to readjust to lower metal prices.


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