Monday, May 22, 2006

 

(AFX UK Focus) 2006-05-19 17:35 GMT: Gold futures drop over $24 an ounce in afternoon trading


(AFX UK Focus) 2006-05-19 17:35 GMT: Gold futures drop over $24 an ounce in afternoon trading
SAN FRANCISCO (AFX) -- June gold fell $24.40, or 3.6%, to $656.50 an ounce in afternoon trading, trading slightly above the day's low of $651. "After more than three months of a marathon run, the gold market took this week to finally begin a decent correction and reconsider its place in the hierarchy of chart values," said Jon Nadler, an analyst at Kitco.com, adding that "gold has almost wiped

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