Merkel’s Cap Rejection Causes Gold Price to Falter

- December 13th, 2011

The Street reported that gold prices dropped after news Germany’s Chancellor was opposed to a European bailout fund cap.

The Street reported that gold prices dropped after news Germany’s Chancellor was opposed to a European bailout fund cap.

As quoted in the market news:

Gold for February delivery was down $2.90 at $1,665.30 an ounce at the Comex division of the New York Mercantile Exchange.

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