Gold bullion slid under the $1,200 mark a week after setting new record highs near $1,250 an ounce.
On May 19 alone, gold lost $21.70 to close at $1,192.60.
Silver also was weaker, settling on the New York Commodity Exchange at $18.09 a troy ounce.
The loss for gold since the prior Numismatic News deadline was $50.10 and silver lost $1.55.
Buyers are being whipsawed by financial news emanating from Europe. The 16-nation common currency, the euro, declined to levels not seen in four years, trading at around $1.23.
The euro’s exchange rate with the U.S. dollar is approaching the $1.17 starting point where the common currency was born in 1999.
Gold, however, since 2001 has added nearly $1,000 to its price from its roughly $260 starting point.
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