Gold slips to two-month low as risk premium recedes
Investing News Network - 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.