Wednesday, July 25, 2007
Gold drops $11 in New York
Story link: Gold drops $11 in New York
by Elaine Frei
by Elaine Frei

Precious metals prices fell on Wednesday, with gold down on a rebound from the US dollar and silver suffering its biggest one-day decline in nearly a month.
August gold was $11 lower in early afternoon trade in New York as it dropped to $673.80 after the US dollar gained 0.9 percent on the euro, it’s biggest one-day gain on the shared currency in almost five months.
The dollar also made gains in relation to sterling and the yen.
Meanwhile, silver fell 29 cents to $13.15 in New York for its biggest percentage decline since June 26.
October platinum also saw a decline as it dropped $2.70 to trade at $1,330.90.
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