Europe

 

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Klaus Regling, chief executive of Europe's rescue fund, in Beijing Friday.  (Agence France-Presse/Getty Images)

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A trader reacts at his desk at the Frankfurt stock exchange on Aug. 19, 2011.  (Reuters/Alex Domanski)

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Gold futures fell more than $100 on Wednesday, one of the steepest falls ever, as strong U.S. economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the safe-haven record high of a day ago.

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Italian Finance Minister Giulio Tremonti arrives at a press conference in Rome's Chigi palace, Premier's office, Saturday, Aug. 13, 2011. Italy's government has approved euro 45 billion ($64.12 billion) in cuts over the next two years to balance the budget by 2013 to meet demands of European Central Bank.  (AP photo/Riccardo De Luca)

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