Gold Prices Fall to $1,181 an Ounce



Gold for August delivery declined $8.1, or 0.7 percent, to
$1,180.4 an ounce on the Comex division of the New York Mercantile Exchange,
according to a news report.

According to the report, there is “renewed optimism about
global growth, combined with recent data showing little immediate worry about
inflation.”

On July 16, gold had its biggest one-day drop this month,
falling $20.10, or 1.7 percent, to end at $1,188.20 an ounce.