Wednesday, November 16, 2011

Gold Prices Head Lower as U.S. Inflation Eases

by Bullion Prices Staff on November 16, 2011

U.S. gold prices finished lower Wednesday as the greenback continued gaining as the euro faltered. Gold was also pressured by a report from the U.S. Labor Department which showed tamer American inflation. December gold prices fell $7.90, or 0.4%, to $1,774.30 an ounce on the Comex division of the New York Mercantile Exchange.