just before 12 p.m. EST on Thursday that witnesses could hear air raid sirens and explosions in Tel Aviv, Israel. But the
country's chief military spokesman said
two rockets launched toward Tel Aviv had missed.
Gold prices also took a hit after the World Gold Council announced that demand for the yellow metal was down in the third quarter of 2012 to 1,084.6 tonnes, from a year-ago 1,223.5 tonnes.
Demand in China fell 8%, but central bank buying is up 9% against the same time a year ago, the World Gold Council said.
"Gold is beginning to re-establish itself as part of the fabric of the financial system," Marcus Grubb, managing director of investment at the World Gold Council, said in a statement. "In the medium term, the quantitative easing initiatives in the West and the continuing growth story in the East, particularly in India and China, coupled with the seasonally strong quarter coming up in Asia, are excellent indicators for further growth in the gold market."
Gold mining stocks closed mostly lower on Thursday. Shares of
(RGLD - Get Report)
fell 5.9%, and shares of
(AEM - Get Report)
Among volume leaders,
(AUY - Get Report)
lost 3%, while
SPDR Gold Trust
was off 0.63% on light volume, and
iShares Gold Trust
-- Written by Joe Deaux in New York.