Released on: July 10, 2008, 10:53 pm

Press Release Author: Fiona Davis

Industry: Financial

Press Release Summary: Cornerstone Worldwide positive after gold's largest one day
gain in 2 years

Press Release Body: Among theories circulating at Cornerstone Worldwide is the one
that gold soared on Thursday not solely on US dollar weakness since Wednesday\'s
Federal Reserve policy statement, but also on stronger crude oil, an equities sell
off and continued worries about the financial sector.
Sources close to technical analysts at Cornerstone Worldwide are reported to have
speculated that chart-based buying of the precious metal deserved most of the credit
for the dazzling ascent.
August gold leaped $32.80 to settle at $915.10 a troy ounce on the Comex division of
the New York Mercantile Exchange. September silver climbed 61.3 cents to $17.22.
Whichever of these theories is correct, what remains undeniable is wider market
consensus that the statement accompanying the Federal Open Market Committee's
interest rate decision on Wednesday was significantly less hawkish on inflation than
Cornerstone Worldwide had been expecting.


Web Site: http://

Contact Details: 330 High Holborn
London
WC1V-7QT
0207-771-662