Gold Falls to Six-Week Low

Reuters reported that gold fell to a six-week low in Tuesday trading, pushed down by weak stock prices and by concerns over the Spanish credit downgrade.

As quoted in the market report:

Spot gold was down 1.1 percent at $1,708.60 an ounce at 1241 GMT, while U.S. gold futures for December delivery were down $11.50 an ounce at $1,714.80

To view the whole Reuters report, click here.