Gold Falls Slightly on Concerns About Greece

Dec. 10, 2014 09:37AM PST

On Wednesday, the gold spot price declined $0.24, or 0.1 percent, to trade at $1,230.72 an ounce. The yellow metal reached $1,238.11 in earlier trading — its strongest level since October.

On Wednesday, the gold spot price declined $0.24, or 0.1 percent, to trade at $1,230.72 an ounce, according to iNVEZZ.com. The fall was slightly surprising as the yellow metal reached $1,238.11 in earlier trading — its strongest level since October.

Gold for December delivery also fell on the COMEX, decreasing $0.30 to trade at $1,230.90 an ounce.

Gold’s fall has been attributed partially to worry surrounding Greece’s announcement that it will hold its presidential election two months ahead of schedule. The move has sparked concern of further turmoil in the country.

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