英语文摘：Gold extends losses as risk appetite returns

CHICAGO, July 26 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange inched down on Monday, as the diminishing safe-haven demand and rising market optimism weighed on the precious metal. Silver and platinum both advanced.

The most active gold contract for August delivery dropped 4.7 U. S. dollars, or 0.4 percent, to finish at 1,183.1 dollars.

The U.S. Commerce Department said on Monday that sales of U.S. new homes jumped in June more than forecast after it touched a record low in the prior month. The surprising rise in sales of U.S new homes showed signs of stabilization in the U.S. housing markets after the federal tax credit expiry, increased investors' confidence on U.S economy, and sparked less demand for gold as a safe-haven.

Meanwhile, euro climbed against dollar for the third straight session, as investors satisfied with the fact that the vast majority of European banks passed their stress tests, proving their ability to withstand a financial crisis.

Gold traded higher earlier in the session and plummeted during the mid session, pressured by investors' rising economic optimism and lack of solid buying interest.

September silver was up 9.9 cents, or 0.5 percent, to settle at 18.2 dollars per ounce, October platinum rose 13.0 dollars, or 0.8 percent, to settle at 1,555.8 dollars per ounce.