02 May '11, 3am

Gold eases after reports bin Laden dead: SINGAPORE, May 2 (Reuters) - Gold prices fell on Monday on reports Osam...

SINGAPORE , May 2 (Reuters) - Gold prices fell on Monday on reports Osama bin Laden was dead and his body has been recovered by U.S. authorities, dipping around $5, and retreating from an early record high. Spot gold prices fell to $1,540.39 an ounce after earlier touching an all-time high of $1,575.79. Before the reports emerged gold stood above $1,546. U.S. President Barack Obama was to make the announcement shortly that after searching in vain for bin Laden since he disappeared in Afghanistan in late 2001, the Saudi-born extremist is dead. (Reporting by Nick Trevethan; Editing by Michael Urquhart)

Full article: http://sg.news.yahoo.com/gold-eases-reports-bin-laden-dea...

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