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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold declines with commodities before European ministers meeting

Posted on 08 October 2012

Gold dropped for a second day along with commodities before a European finance ministers meeting on speculation the euro-zone debt crisis may continue to damp demand for raw materials.
Spot gold fell as much as 0.6 percent to $1,770.55 an ounce and traded at $1,771.05 as of 10:10 a.m. Singapore time. Silver dropped 1.4 percent to $34.0325 an ounce while platinum and palladium also declined. European finance ministers will meet in Luxembourg today, while German Chancellor Angela Merkel visits Greece tomorrow for the first time since the crisis erupted………………………………………..Full Article: Source


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