Gold Climbs On Lack of Sellers; Investors Will Take the ECB/IMF 150 Billion Euro Loan Deal

The ECB originally wanted to construct a loan through the IMF for 400 billion euros. As the deal making occurred that number dropped to 200 and was finally settled yesterday for 150 billion euros.

At any rate, investors have calmed down a bit on the news which in turn has cause the sellers to stop killing gold.

Gold up $10 @ $1,607