Gold Futures Fall for a Sixth Straight Day

The price of gold is falling for a sixth day after billionaire investor George Soros cut his holdings in the precious metal.

June gold fell $9.30, or 0.7 percent, to $1,386.90 an ounce.

Soros disclosed in a regulatory filing late Wednesday that he reduced his holdings in an exchange-traded gold fund by almost 12 percent in the first quarter.

The price of gold logged its biggest drop in 30 years April 15 on concern that Cyprus would sell some of its gold reserves to support its banks. The precious metal rebounded but is still trading at its lowest in a month.

In other metals trading, platinum also fell. Copper, palladium, and silver all rose.

Energy prices settled mostly higher.

Wheat and corn fell. Soybean prices rose.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2436396, ~/Articles/ArticleHandler.aspx, 10/21/2014 5:12:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement