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Gold Futures Down To $1,602.40; Lowest In A Week
Aug. 14, 2012 08:03PM PST
Precious Metals Investing
MarketWatch reported that gold futures for December delivery fell by 0.6% to $1,602.40 an ounce, settling at the lowest price in over a week, as U.S. data showed retail sales and inflation rising slightly.
MarketWatch reported that gold futures for December delivery fell by 0.6% to $1,602.40 an ounce, settling at the lowest price in over a week, as U.S. data showed retail sales and inflation rising slightly.
As quoted in the press release:
Gold futures for December delivery GCZ2 fell $10.20, or 0.6%, to settle at $1,602.40 an ounce on the Comex division of the New York Mercantile Exchange, its lowest price in a little over a week. Prices had traded modestly higher before the 8:30 a.m. Eastern
Stephen Platt, an analyst with Archer Financial Services in Chicago, commented:
There’s some follow-through to the downside especially as the U.S. dollar has showed some stability.
