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Gold Drops as Safe-Haven Bids Fade, Wall St Advances
Nov. 10, 2011 02:42PM PST
Precious Metals InvestingReuters reported that weak information on the European debt crisis caused gold prices to fall for a third consecutive day.
Reuters reported that weak information on the European debt crisis caused gold prices to fall for a third consecutive day.
As quoted in the market news:
Spot gold fell 0.6 percent to $1,758.90 an ounce by 3:03 p.m. EST. U.S. gold futures for December delivery settled down $32 at $1,759.60 an ounce. Trading volume was about one fifth above its 30-day norm, bucking the recent slower pace for a second straight session.
