Gold Falls to One-Week Low on Sales to Cover Losses in Slumping Equities

Bloomberg reported that gold declined as investors covered equity market losses.

The market news is quoted as saying:

On the Comex in New York, gold futures for August delivery fell $2.10, or 0.1 percent, to $1,527.10 at 10:16 a.m. Earlier, the price touched $1,523.50, the lowest for a most-active contract since June 2.

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