Gold Prices Drop on Pessimism Over EU Summit

Reuters reported that gold prices fell ahead of the European Union summit.

As quoted in the market news:

Spot gold was down 0.8 percent at $1,561.60 an ounce at 1413 GMT, while U.S. gold futures for August delivery were down $16.40 at $1,562.00.

Click here to read the full Reuters report.