(Bloomberg) -- Gold fell in Asia as some investors
bet last week's rise, its biggest weekly gain in more than three
months, was overdone. Silver also declined.
Gold last week closed above $670 an ounce for the first
time since May 15 after the European Central Bank said it won't
sell any more gold until after Sept. 26. This helped to boost
demand for the precious metal, which rose 2.4 percent in its
biggest weekly gain since the week ending Feb. 9.
Read more at Bloomberg Commodities News
bet last week's rise, its biggest weekly gain in more than three
months, was overdone. Silver also declined.
Gold last week closed above $670 an ounce for the first
time since May 15 after the European Central Bank said it won't
sell any more gold until after Sept. 26. This helped to boost
demand for the precious metal, which rose 2.4 percent in its
biggest weekly gain since the week ending Feb. 9.
Read more at Bloomberg Commodities News
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