Gold Falls From Five-Week High as Europe Debt Concerns Ease
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Gold futures fell from a five-week high as European debt concerns eased, eroding the appeal of the precious metal as a haven.
The euro reached a one-month high against the dollar after the European Central Bank signaled its approval of Greek bond rollovers. Yesterday, gold reached $1,555 an ounce, the highest since advancing to a record $1,577.40 on May 2.