Gold Retreats on Easing Euro Zone Fears

Sydney Morning Herald reported that easing European debt concerns caused gold prices to decrease.

The market news is quoted as saying:

Gold futures for December delivery fell $US45.10, or 2.5 per cent, to close at $US1,781.40 an ounce at 1:56 p.m. on the Comex in New York. Earlier, the price touched $US1,775, the lowest since Aug. 26.

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