Gold Heads for Biggest Drop in Week as Job Data Signals Slowdown – BLoomberg 06-28-12

Salient to Investors:

Phil Streible at R.J. O’Brien & Associates said gold is under pressure because the U.S. economy is showing no signs of strength, while people are moving to the dollar on very little expectation Europe will find a solution.

Scott Gardner at Verdmont Capital said deflation concerns have returned to the forefront, and gold is selling off in sympathy with cyclical commodities.

Read the full article at http://www.bloomberg.com/news/2012-06-28/gold-heads-for-biggest-drop-in-week-as-job-data-signals-slowdown.html