Tuesday, August 23, 2011

Gold’s Win Streak Snapped amid Plunge to $1,830

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DG365FD46564GFH654FU898 Gold ’s five session win streak of new all-time highs ended with a bang on Tuesday. COMEX gold futures – per the December contract – surged to a fresh high of $1,917.90 in overnight trading, but subsequently tumbled amid broad-based liquidation in precious metals. Gold futures settled lower by $30.60, or 1.6%, at $1,861.30 per ounce on the COMEX, but extended their losses in electronic trading later this afternoon.



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