Precious Metals

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

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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