Economic Calendar

Thursday, December 18, 2008

Gold Falls in London, Ending Longest Winning Streak in 2 Years

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By Nicholas Larkin

Dec. 18 (Bloomberg) -- Gold fell in London, erasing earlier gains and ending its longest winning streak in two years, as crude oil prices dropped and the dollar pared losses.

Gold for immediate delivery lost $4.10, or 0.5 percent, to trade at $863.80 by 1:59 p.m. in London. The metal earlier rose as much as 1.2 percent.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net




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