25
January
Spot Gold Declines, Taking Loss Since Record to More Than $100 Per Ounce
25 January 2011 Bloomberg.com
Gold declined to a two-month low in London as demand for a protection of wealth waned and as holdings in exchange-traded products fell. Other precious metals slipped.
The euro was little changed near a two-month high against the dollar as the European Financial Stability Facility prepared to sell its first bonds, bolstering confidence in the region’s response to the sovereign-debt crisis. Gold dropped for a fourth day and is 7.2 percent below last month’s record. Gold assets in ETPs fell the most since Oct. 7 yesterday.
