Gold Declines on Speculation Greece to Get Funds, Avoid Sovereign Default

Bloomberg reports gold may decline for a second day in New York as speculation that Greece’s debt crisis is closer to being resolved curbs demand for precious metals.

The market news is quoted as saying,

Palladium for September delivery was little changed at $781.50 an ounce. Platinum for July delivery was 0.2 percent lower at $1,830.80 an ounce.

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