Why Gold and silver prices down august 29 2011 ; Metals prices are closing lower as increasingly confident investors move money out of hard assets and into stocks.
Gold prices are also falling because investment managers are selling gold to lock in gains made over the last month.
The Standard & Poor's 500 index rose 2.7 percent.
Gold and silver have jumped this summer on economic uncertainty and fears about inflation. Traders feel that gold and silver are a safer bet than stocks or currencies during times of weak growth or volatility.
Gold for December delivery fell $5.70 to settle at $1,791.60 an ounce. September silver lost 40.6 cents to $40.546 per ounce.
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