Gold price drops more than $16

In European stock markets, FTSE 100 index ascended 1.14% to 6,437.80 points, French CAC-40 surged 0.90% to 4,890.58 while Germany’s DAX soared 1.31% to 10,831.96.

At the latest COMEX auctions, gold price fell $16.40 to $1,159.70 an ounce, and silver price dropped $0.37 to $15.92.

SOURCE: AZERI-PRESS NEWS AGENCY