Gold slips to two-month low as risk premium recedes

- July 19th, 2010

On Monday, Gold fell more than 1 percent to a two-month low at $1,178.40 an ounce as sharper appetite for assets seen as higher risk, like equities and industrial commodities, dented the metal’s appeal as a haven.

On Monday, Gold fell more than 1 percent to a two-month low at $1,178.40 an ounce as sharper appetite for assets seen as higher risk, like equities and industrial commodities, dented the metal’s appeal as a haven.

The press release is quoted as saying:

Spot gold was bid at $1,181.05 an ounce at 1353 GMT, against $1,193.10 late in New York on Friday. U.S. gold futures for August delivery fell $7.10 an ounce to $1,181.10.

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