Gold Declines From Five-Week High in N.Y. Amid Renewed Europe Debt Concern

Bloomberg reported that anxiety over European debt caused gold prices to decline from a five-week high.

As quoted in the market news:

Gold futures for December delivery fell 0.2 percent to $1,744.40 an ounce at 10:17 a.m. on the Comex in New York. A close at that level would still leave prices up 6.6 percent this week, the most since January 2009.

Click here to read the full Bloomberg report.