Gold ends at lowest in two months

(MarketWatch) — Gold futures settled lower Monday, notching their fourth straight close in the red as investors rushed for cash amid persistent concerns of a global slowdown and a liquidity crunch due to Europe’s simmering sovereign-debt crisis. Gold for December delivery  declined $45, or 2.7%, to end at $1,594.80 an ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since July 21. Silver, which had wavered between gains and losses earlier, closed lower, with the December contract   off 13 cents, or 0.4%, to settle at $29.98 an ounce, the lowest finish since Feb. 7.

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Posted by VBN on Sep 27 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry