(Source: Resource Investor Mark O’Byrne) – Gold is trading at $1,599.41/oz, €1,127.77/oz and £989.06/oz. Gold is mixed against various currencies today but is higher in euros after the euro has fallen on concerns that European leaders gathering for the summit in Brussels may not be able to resolve the eurozone’s debt crisis and prevent contagion in the financial system.

Asian indices were mixed and European indices have snapped a two day advance, and commodities declined, on signs economic growth is slowing in Europe and China. The Stoxx Europe 600 Index slipped 0.4% as Ericsson AB lost the most in more than two years and earnings missed analysts’ estimates. The FTSE has fallen 0.35%. Futures on the Standard & Poor’s 500 Index slid 0.3%.

Source: Resource Investor Mark O’Byrne

Published 7/21/2011

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