Jan Harvey and Amanda Cooper
Reuters
Sept 15, 2011
Gold fell to its lowest since late August on Thursday after signs that euro zone leaders are committed to keeping Greece in the euro ignited investor appetite for riskier assets at the expense of perceived safe havens, including German debt.
Equities and the euro got an additional boost from the world’s largest central banks, including the Federal Reserve, the European Central Bank, the Bank of Japan, the Swiss National Bank and the Bank of England, saying they would reintroduce three-month operations to increase dollar liquidity as the degree of uncertainty has made banks wary of lending to each other.
Spot gold was down 2.1 percent at $1,783.49 an ounce at 1405 GMT, having earlier dipped as low as $1,778.49 and is set for its first monthly decline since June, although it is still one of this year’s best-performingcommodities, however, up more than 27 percent since January.
Gains in so-called higher risk assets are curbing a further rise. European shares rose on Thursday as investor sentiment was boosted by Wednesday’s conference call between France, Germany and Greece. .EU
One Response to “Gold tumbles as EU leaders reassure on Greece”
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huh,
29 tons of stolen lybia gold hits the market in one day…..
the price of gold drops………
who wudda thunk it?!?
I bet soroso sold out in time to make yet another nice jew-profit, the fucking nazi bootlicker that he is.