Gold Falls in London as European Equity Markets Slump; Silver Also Drops

(Bloomberg) -- Gold fell in London on speculation a
decline in European equity markets may reduce demand for the
precious metal. Silver also dropped.

The Dow Jones Stoxx 600 Index has retreated 2.8 percent since
reaching a 6 1/2-year high on June 1, on speculation increased
borrowing costs and higher oil prices will hurt corporate earnings.
Gold has dropped 3 percent since June 1 as some investors sold the
precious metal to cover losses in the equity markets.


Read more at Bloomberg Commodities News