Gold futures extend losses into new week NEW YORK
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Posted On: 08/05/2013 2:53:41 PM
Gold futures extend losses into new week
NEW YORK (MarketWatch) — Gold and silver futures fell modestly Monday as investors continued to react to last week’s economic data and expectations for an eventual slowing of the Federal Reserve’s monthly asset purchases.
The U.S. service sector expanded at a faster pace in July, with the Institute for Supply Management’s survey of purchasing managers rising to 56.0% from 52.2% in June. Economists had expected an increase to 53.1%, according to a MarketWatch poll.
Gold for December delivery (CNS:GCZ3) shed $4.30, or 0.3%, to $1,306.20 an ounce in electronic trade. http://www.marketwatch.com/story/gold-logs-sm...2013-08-05
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