Gold Falls with Equities as Euro Zone Talks Stuck

Reuters reported that US and European economic uncertainty pushed gold prices down.

As quoted in the market news:

Spot gold was down 0.9 percent at $1,642.99 an ounce by 2:45 p.m. EDT. U.S. December gold futures settled down $5.80 at $1,647 an ounce. Trading volume was around half of its 30-day norm after higher-than-usual turnover during Tuesday’s decline.

Click here to read the full Reuters report.