Updated from 10:09 a.m. EDT with settlement prices
NEW YORK (
Gold for December delivery settled down $6.60 to $1,773.90 an ounce at the Comex division of the New York Mercantile Exchange. The
Gold also saw a bit of profit-taking as money managers and others sold out of their positions on Friday in order to post realized gains.Monday will mark first-notice day, in which investors with an October gold futures position must make or take delivery, or put up full money, which would lead to liquidation and roll over to new positions, said George Gero, precious metals strategist at RBC Wealth Management. "Of course, the rest is let's wait and see what happens with Spain," said Gero.
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