Gold falls as investors weigh US economy amid slower purchases

New York (June 26)  Gold declined for the first time this week on concern that an advance to a two-month high is curbing physical buying and as investors weigh the outlook for the US economy.

 Gold fell 0.6 per cent to US $ 1,311.65 an ounce. It reached US $ 1,325.95 on June 24, the highest since April 15. Silver also slipped 0.6 per cent to 20.91 an ounce. It reached US $ 21.16 yesterday, the highest since March 18.

Source: Economic Times