13.12.2011 - Global factors hitting precious metals
Despite having a rather stable performance last week, gold and silver are declining sharply Monday. Gold fell below a key support level at $1,680, while silver dipped below $31. There are several global factors contributing to the decline in precious metals today. A European summit deal to tighten fiscal rules in the euro zone failed to restore financial market confidence after Britain blocked a major treaty change, forcing euro-zone countries to negotiate a fiscal accord outside the European Union without the support of Europe’s second-largest economy...............................................Full Article: Source
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