Gold, silver retreat for second session HONG KON
Post# of 102233
Posted On: 10/08/2012 6:51:22 AM
Gold, silver retreat for second session
HONG KONG (MarketWatch)—Gold futures trended lower in late Asia trading hours on Monday, tracking the risk-off trade that saw equities and other industrial commodities lower in the wake of diminished expectations of further quantitative easing after last week’s stronger U.S. jobs report.
Gold for December (CNS:GCZ2) fell 0.5%, or $8.90, to $1,771.10 an ounce on the Comex division of the New York Mercantile Exchange in late trade in east Asia.
Gold futures closed out Friday on a weaker note, tumbling $15.70 an ounce, off a 10-month closing high in the previous session. The metal lost 0.4% for the week.
http://www.marketwatch.com/story/gold-silver-...2012-10-08
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