By V. Phani Kumar, MarketWatch
TAIPEI (MarketWatch) — Gold futures slipped below the $1,600-a-troy ounce level during Asian trading hours Wednesday as signs of progress on U.S. and European debt issues prompted investors to sell the metal after its steep recent climb.
Gold futures for delivery in August GC1Q -0.73% fell $9.40, or 0.6%, to $1,591.70 an ounce, extending losses after a modest decline in the regular trading session in New York and after a journey into record territory recently.
Spot gold prices, meanwhile, rose $2.20 to $1,591 a troy ounce.
By V. Phani Kumar, MarketWatch
TAIPEI (MarketWatch) — Gold futures slipped below the $1,600-a-troy ounce level during Asian trading hours Wednesday as signs of progress on U.S. and European debt issues prompted investors to sell the metal after its steep recent climb.
Gold futures for delivery in August GC1Q -0.73% fell $9.40, or 0.6%, to $1,591.70 an ounce, extending losses after a modest decline in the regular trading session in New York and after a journey into record territory recently.
Spot gold prices, meanwhile, rose $2.20 to $1,591 a troy ounce.
