August 25, 2011 / 6:30 AM / 6 years ago

Spot gold prices turn negative

(Reuters) - Spot gold prices turned lower late Thursday, after rising to as much as $ 1,772.14 earlier in the session.

<p>Gold dealer Stan Morton holds a block of gold valued at $63,000 in Los Angeles, California August 23, 2011. Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce. REUTERS/Lucy Nicholson</p>

Bullion was down 0.26 percent at $1764.89 an ounce at 6:43 p.m. EDT.

Prices had hit a near two-week low of $1,702.44 earlier Thursday.

Reporting by Soma Das in Bangalore; Editing by Bob Burgdorfer

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below