Gold set new June low

Market news

28 June 2012

Gold set new June low

Gold fell acting more like a risk asset than a safe haven investment, and influenced by pessimistic expectations for a EU summit that is unlikely to yield the magnitude of measures needed to tackle its debt crisis.

Gold futures for August delivery were down 1.07% to $1554.70

European stocks closed in red zone

US Stocks: Dow 12,477.61 -149.40 -1.18%, Nasdaq 2,831.96 -43.36 -1.51%, S&P 1,316.32 -15.53 -1.17%

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