Gold futures decline in Asian trading

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/FP

Gold futures for December delivery decreased by 0.4% to $1,695.90 an ounce on the New York Mercantile Exchange. The yellow metal's appeal as safer investment option has declined showing quite strong positive correlation with stocks and other commodities. Investors risk-aversion increased pushing the demand down after failed German auction impacting both US stock and gold market.

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Thu, 24 Nov 2011 09:13:38 GMT

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