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Gold Falls as Speculation That Inflation Is Easing Curbs Investor Demand
May. 19, 2011 08:32AM PST
Precious MetalsBloomberg reports gold declined on speculation that slowing inflation will curb demand for the metal as a hedge against rising consumer prices.
Bloomberg reports gold declined on speculation that slowing inflation will curb demand for the metal as a hedge against rising consumer prices.
The market news is quoted as saying,
Silver futures for July delivery gained 17.3 cents, or 0.5 percent, to $35.27 an ounce on the Comex. Palladium futures for June delivery fell $1.60, or 0.2 percent, to $735.60 an ounce on the New York Mercantile Exchange. Platinum futures for July delivery fell $7.40, or 0.4 percent, to $1,772.50 an ounce on the Nymex.