| Gold futures extended their slump for a fourth day this morning, ending at a three-week low as pessimism about a potential quick fix to the eurozone's debt crisis had investors favouring holding cash instead of precious metals.
German Chancellor Angela Merkel cancelled a statement scheduled for today ahead of an upcoming European Union summit. The news added to worries the summit may not result in a credible deal outlining how to deploy the currency union's rescue fund and weighed on the euro...............................................Full Article: Source
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