Gold Tumbles on Outlook for Economic Recovery

- January 4th, 2011

Bloomberg reports that Gold tumbled the most in six months on speculation that an economic recovery.

Bloomberg reports that Gold tumbled the most in six months on speculation that an economic recovery.

The market news is quoted as saying:

Gold futures for February delivery fell $44.10, or 3.1 percent, to $1,378.80 an ounce on the Comex in New York, the biggest decline for a most-active contract since July 1. Yesterday, the metal rose to the highest settlement ever. On Dec. 7, the commodity reached an intraday record of $1,432.50.

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