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Gold futures continue to slide to five-week low

Posted June 5, 2008

Baltimore — (TFN): Gold futures continued to slide in morning trading, reaching their lowest level in five weeks as crude oil traded just slightly above $122.

Gold for August delivery was down $5.80 at $878 per ounce on the New York Mercantile Exchange. It traded as low as $868 earlier in the day, the weakest intraday level it’s seen since May 2. The contract lost a total of $13.20 in the past two trading sessions.

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Posted by TFN-Gold · Filed Under Gold and Resources 

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