Gold Drops as Safe-Haven Bids Fade, Wall St Advances

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.

Click here to read the full Reuters report.