Bloomberg (Reported 7/01/2010)

“Gold futures tumbled the most since February on signs that Europe’s financial industry may be in better shape than investors estimated, curbing demand for the metal as a haven.

Gold fell below $1,200 an ounce after the close of floor trading on the Comex in New York. The euro headed for the biggest gain since March 2009 against the dollar after European banks borrowed less than the amount they are due to repay. Yesterday, the European Central Bank said financial institutions asked for less money than some analysts predicted in a three- month offering.” Gold Tumbles Most Since February as Easing Debt Concerns Drive Euro Higher

Reuters (Reported 7/01/2010)

“Gold prices dropped below $1,200 an ounce on Thursday as a global equity-market slump and disappointing U.S. economic indicators prompted investors to dump the metal in a technical sell-off.

Bullion's 3.5 percent losses on Thursday was the biggest one-day drop since February.” Gold up on economy woes, uptrend continues

MarketWatch (Reported 7/01/2010)

“Gold futures fell 3.2% on Thursday as they joined stocks and other commodities on a broad market sell-off and selling begat selling in thin trading ahead of the long weekend.

Gold for August delivery dropped $39.20 to $1,206.70 an ounce on the Comex division of the New York Mercantile Exchange. It was gold's biggest one-day drop since February 4, when it lost 4.4%.” Gold ends with biggest 1-day drop since February

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