Daily Gold Update

Source: Marketwatch

San Francisco— Gold prices accelerated their decline in midday trading Tuesday as negative U.S. economic news made for skittish investors in bullion and copper, which also came under pressure from a spike in London inventories.

Gold for December delivery fell $4.10, or 0.6%, to $672.10 an ounce on the New York Mercantile Exchange, falling further after the Conference Board issued a survey mid-morning on consumer confidence. Sentiment fell sharply in August due to volatility in the credit markets, the private group said. See full story.