Gold Drops On Uncertain Outlook

Reuters reported the price of gold dropped for the second day, affected by fears over the European debt crisis and the uncertainty of monetary stimulus by the US Federal Reserve.

Metals analyst at US brokerage INTL FCStone, Edward Meir, commented:

While easing may be expected, investors are still saddled with the uncertainty of not knowing exactly when such an order will be given.

Click here to read the full Reuters report.