RSO: Gold, silver decline on speculation economic turmoil may ease
Gold futures fell on speculation the economy will improve, eroding the appeal of the precious metal as a haven.
Gold futures fell for the second straight day on speculation the economy will improve, eroding the appeal of the precious metal as a haven. Silver also declined.
U.S. housing starts surged last month from the lowest level ever, a signal that the real-estate slump may be nearing an end. The U.S. government has pledged $11.6 trillion to revive the economy and ease the banking crisis, according to data compiled by Bloomberg. Gold still is up 3.7 percent this year.
