Thursday, December 29, 2011

Marking a sixth consecutive day of losses, February gold prices declined $23.20, or 1.5%, to $1,540.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from a low of $1,557.60 an ounce to a high of $1,595.00 an ounce. Losses incurred were described as the result of liquidation.