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Live Spot Gold Market
Gold fell for a third consecutive session on Wednesday, moving once again in tandem with riskier assets, as jittery investors sold on a lack of progress over euro zone debt talks and an uncertain U.S. economic outlook. Gold market tracked Wall Street lower after French President Nicolas Sarkozy said plans to tackle Europe's debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund. Moody's downgrade on Spain's sovereign credit rating also weighed. Disappointment over the Federal Reserve's beige book -- a survey of national business conditions, sent gold, stocks and commodities broadly lower. Gold slumped more than 2 percent in the last three sessions, having briefly broken its unusual positive correlation with riskier assets on the previous day.Gold Trading volume was around ... Read More
