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Gold Futures Fall on Investor Sales After Metal Rises to Record $1,631.20
Jul. 27, 2011 03:28PM PST
Precious MetalsBloomberg reported that investor sales caused gold futures to decline after prices rose to a new record.
Bloomberg reported that investor sales caused gold futures to decline after prices rose to a new record.
The market news is quoted as saying:
Gold futures for December delivery fell $2, or 0.1 percent, to settle at $1,617.30 at 1:59 p.m. on the Comex in New York. The price has gained 14 percent this year.
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