LETHARGIC GOLD: The price of gold has been languishing this summer, much like the global economy. Gold dropped $10.20 to end at $1,612.60 per ounce. That’s about $10 less than it was on June 1.
SLUGGISH GROWTH: Japan’s economic growth was slower than expected in the second quarter. China and other Asian countries also have reported sluggish growth. That has raised more concerns because the Asia-Pacific region supported the global economy when the U.S. and Europe began to slow.
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