Consumer Credit Falls For the First Time in 11 Months, Gold Ends Lower

On Monday, gold futures dropped due to pressure ahead of this week's Fed meeting on Wednesday while oil turned higher. Reports were released that consumer credit in the US fell for in first time in eleven months this past July. US markets ended near lows as Intel's (INTC) shares continue to fall and Spain's debt crisis made headlines. Stocks of AIG (AIG) also fell on Monday after the Treasury Department announced it would sell around $18 billion of its stock. Plains Exploration (PXP) plans to buy off fields from both BP (BP) and Shell (RDS) for more than $6 billion and consumers anxiously await the release of Apple's (AAPL) newest iPhone on Wednesday.

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Published on Sep 10, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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