North korea news | Gold prices edged

North korea news - Gold prices edged lower on Monday, extended last week’s 7% plunge as news of the death of North Korean leader Kim Jong il and ongoing fears over mass euro zone credit rating cuts boosted the U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,594.25 a troy ounce during early European morning trade, slumping 0.57%.

Elsewhere on the Comex, silver for March delivery tumbled 2.05% to trade at USD29.07 a troy ounce, while copper for March delivery fell 0.9% to trade at USD3.302 a pound.