Gold Declines on Lower Consumer Sentiment

By in Gold and Oil News | August 29, 2012 23:57 | Tags:

Gold futures fell on Tuesday in reaction to the negative reading of consumer sentiment which depicts sluggish economic growth. Gold futures contract for December delivery dropped 0.4 percent or $5.90 to settle at $1,669.70 per ounce on the Comex division of the New York mercantile Exchange.

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