OPINION

Gold Down as Inflation Fear Subsides; Silver Tanks

Townhall Staff
Townhall Staff  |  Jun 10, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
SAN FRANCISCO -- Gold futures declined Friday, hurt by a stronger dollar and a selloff for oil and other commodities that took some inflation fears off the table. Gold for August delivery retreated $13.50, or 0.9%, to settle at $1,529.20 an ounce on the Comex division of the New York Mercantile Exchange. Silver futures stumbled 2.9% with the July contract off $1.10 to settle at $36.33 an ounce.

Copyright © 2011 MarketWatch, Inc.

Read more: http://www.foxbusiness.com/2011/06/10/gold-down-as-inflation-fear-subsides-silver-tanks/#ixzz1OuA2WqzL