Gold declines as keener risk appetite lifts stocks

On Tuesday, Gold fell and assets seen as higher risk like stocks and industrial commodities rose on hopes euro zone officials are making progress on a package of measures to resolve the region’s debt crisis.

The press release is quoted as saying:

Spot gold was bid at $1,216.55 an ounce at 1422 GMT (10:22 a.m. EDT), against $1,223.00 late in New York on Monday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange fell $11.10 to $1,217.00 an ounce.

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