Gold lower on Spain bond auction, EU summit

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Source: Forexpros
© Scanpix/AFP

On Thursday, gold edged lower, as traders were cautious before an upcoming EU summit, and Spanish borrowing costs fell. On the NYMEX, December delivery futures for gold were traded at $1,747.85 per troy ounce, which was a 0.3% fall for the European morning trade. Earlier in the day, prices declined by 0.4%, hitting a session low of $1,746.85.

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