Gold, Silver Prices Retreat on EU Optimism

InvestorPlace reported the prices for both gold and silver were down today on better news about European debt.

The market news is quoted as saying:

Spot gold was trading at $1599.60 Bid, $1600.60 Ask in early morning trade while spot silver was trading at $40.09 Bid, $40.19 Ask, according to Kitco market data.  The London p.m. gold fix came in at $1601.00 an ounce, while spot silver was set at $40.32 an ounce.

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