Monday, September 26, 2011

The Sell Off: Gold ends at lowest in two months

From Marketwatch: Gold futures settled lower Monday, notching their fourth straight close in the red as investors rushed for cash amid persistent concerns of a global slowdown and a liquidity crunch due to Europe's simmering sovereign-debt crisis. Gold for December delivery GC1Z -0.55% declined $45, or 2.7%, to end at $1,594.80 an ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since July 21. Silver, which had wavered between gains and losses earlier, closed lower, with the December contract SI1Z +2.16% off 13 cents, or 0.4%, to settle at $29.98 an ounce, the lowest finish since Feb. 7.

Read all about it at http://www.marketwatch.com/story/gold-ends-at-lowest-in-two-months-2011-09-26?dist=afterbell

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