PAN : Gold prices drop as weaker Euro cuts demand; silver also falls
From Bloomberg: Gold declined as reports showed the cost of living fell in Europe and not in the U.S., boosting the dollar against the euro and eroding demand for the metal as a currency alternative. Silver dropped from a nine-week high.
The euro fell as much as 0.9 percent against the dollar, the first decline in three days. Bullion typically moves in line with the euro. While the U.S. cost of living steadied last month, prices dropped 0.7 percent in the 16-nation euro region, more than forecast…
