Gold Declines on Debt Optimism

Precious Metals

Financial Post reported that gold prices fell for the second consecutive day on positive news about European and US debt woes.

Financial Post reported that gold prices fell for the second consecutive day on positive news about European and US debt woes.

The market news is quoted as saying:

Gold futures set a record $1,610.70 an ounce yesterday before falling for the first time in 11 days after President Barack Obama praised a $3.7 trillion debt cutting plan.

To read the full market news, click here.

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