Gold slides to two-month low; summer gain erased

|By:, SA News Editor

A series of upbeat economic reports makes for a good excuse, but gold was headed south on the session before those numbers hit.

Today's move - down 1.3% - pretty nearly makes it a summer round-trip for the yellow metal, which was around $1,260 per ounce on Memorial Day, rallied to $1,350 just after July 4, and finds itself currently at $1,278.

GLD -1%

ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, OUNZ, DGLD, AGOL, TBAR, UBG, GLDE, GYEN, GLDL, GLDS, GEUR, GGBP