Gold Down as Inflation Fear Subsides; Silver Tanks

Townhall.com Staff
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Posted: Jun 10, 2011 3:56 PM
Gold Down as Inflation Fear Subsides; Silver Tanks
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.

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