Gold fell, weighed down U.S. stocks and the continuing uncertainty over the commitment of Germany and France to combat the euro zone debt crisis, which prompted investors in the yellow metal markets for the sale of profit-taking after rising recently.
Gold also influenced the dollar higher against the euro after the that differed Berlin and Paris – the two major powers in Europe – on greater control of the European Union on the budgets of the Member States and other issues before a summit of EU leaders.
The price of gold fell in online transactions 0.5% to $ 1740.90 an ounce in late transactions in the New York market.
And U.S. futures fell for gold for December delivery to a record $ 8.30 settled at 1744.70 dollars an ounce.
Among other precious metals gold silver followed suit to fall 1% to 32.71 dollars an ounce.
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