Gold Down for Third Day on Weak Economic Data

- May 17th, 2011

Reuters reported that economic information caused gold prices to fall for the third straight day.

Reuters reported that economic information caused gold prices to fall for the third straight day.

The market news is quoted as saying:

Spot gold fell 0.4 percent to $1,482.60 an ounce by 3:02 p.m. EDT (1902 GMT). U.S. gold futures for June delivery settled down $10.60 at $1,480 an ounce.

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