Euro Zone Concerns Cause Gold to Fall Further

- December 15th, 2011

Bloomberg reported that European debt woes pushed the dollar up, causing gold prices to drop.

Bloomberg reported that European debt woes pushed the dollar up, causing gold prices to drop.

As quoted in market news:

Spot gold dropped 0.5 percent to $1,566.55 an ounce at 1:46 p.m. in Singapore. The price lost 8 percent in the preceding three days, and is set for the worst weekly fall since the period to Sept. 23.

Click here to read the full Bloomberg report.

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