Summary Box: Gold prices fall slightly as investors move back to the euro, into stocks
By APThursday, July 8, 2010
Summary Box: Gold dips as risk appetite returns
GOLD DIPS: Gold prices fell slightly Thursday as investors opted for riskier assets like stocks and currencies.
EURO TRADE: Gold has given up ground in recent days as investors’ concern about the health of Europe’s economy has eased. That has led some investors to move back into the euro at the expense of gold.
OIL BOOST: Benchmark crude prices rose after the government said initial jobless claims dipped and the International Monetary Fund raised its outlook for global economic growth for the year.
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