Spreadex Market Update
Mild panic surrounding a Portuguese bank
Meanwhile, gold doesn’t look so sure. After investors and dealers sent prices whirring higher in the wake of bank fears, confidence has not yet returned to this part of the market so as to ease the demand in gold. Gold for August delivery is trading around $1,340.
Turning to the FTSE 350, Pace Plc and Kier Group are gaining this afternoon, with Pace being chased higher by some 4.1 percent. And although the market for gold has held its ground today, gold mining stocks have failed to find comparative support. Kazakhmys and Randgold lead a whole host of miners lower today, down 3.75 percent and 3.3 percent respectively.
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