Gold Price Sees Corrective Pullback From Recent Solid Gains

New York (Feb 10)  Gold prices are seeing a corrective pullback Wednesday, after scoring solid gains earlier this week and hitting an eight-month high on safe-haven demand amid the world stock and financial market anxiety. There is increased risk appetite in the marketplace on Wednesday, as many world stock markets saw corrective bounces following solid selling pressure seen the first two trading days of this week. European stock indexes were higher and the U.S. stock indexes were also pointed to higher openings when trading gets under way Wednesday.

Source: KitcoNews