Thu, 18 Oct 2012 13:43:26 GMT
Gold lower on Spain bond auction, EU summit
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.