Gold falls as buck rises; Greece funding delayed
Post# of 102233
Gold falls as buck rises; Greece funding delayed
Platinum and palladium up as supply outlook sees deficit
TEL AVIV (MarketWatch) — Gold prices declined on Tuesday as the dollar strengthened and as euro-zone finance ministers deferred releasing the next round of funding for Greece.
Platinum and palladium rose as Johnson Matthey forecast supplies of the metals coming up short of demand this year.
Gold for December delivery (CNS:GCZ2) fell $4.90, or 0.3%, to $1,726.
On Monday, gold futures settled unchanged, supported by strong demand out of India and concern about inflation in Japan, but hindered by uncertainty linked to the U.S. fiscal cliff and the European debt crisis.
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