Economics
Gold May Fall for Third Day as Rescue-Fund Report Limits Demand
This article is for subscribers only.
Gold may fall for a third day in New York as reports that France and Germany are nearing an accord to boost the size of Europe’s rescue fund curbs demand for the metal as a protection of wealth.
The euro gained against the dollar as the Guardian newspaper reported the two nations support increasing the size of the 440 billion-euro ($607 billion) European Financial Stability Facility to 2 trillion euros ahead of a summit this weekend. European equities advanced.