Gold slides to three-week low after U.S. data

- July 1st, 2010

On Thursday, Gold prices dropped to a three-week low and other precious metals slipped, caught up in selling of equities and other assets after U.S. economic data disappointed the financial markets.

On Thursday, Gold prices dropped to a three-week low and other precious metals slipped, caught up in selling of equities and other assets after U.S. economic data disappointed the financial markets.

The press release is quoted as saying:

Spot gold hit a three-week low of $1,215.45 and was bid at $1,219.93 an ounce at 1531 GMT, against $1,241.35 late in New York on Wednesday. U.S. gold futures for August delivery slid $24.10 to $1,221.80.

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