Pan American Metals of Miami Reports Gold Holding Firm as Dollar Slides
Gold is holding firm as the US dollar slides downward. China has expressed concern over holding excessive amounts of dollars and this, coupled with a disappointing jobs report released June 3, has served to turn more investors away from currency and toward bullion. Federal Reserve Chairman Ben S. Bernanke spoke in Atlanta June 7, saying that the central bank should maintain monetary stimulus to boost the economy since recovery has been 'disappointingly slow'.
"The outlook for precious metals is very positive for the remainder of 2011," says Debbie Bailey, ...