Gold dips as dollar firms
India's gold buyers welcome lower prices
Jan Harvey,LONDON — Reuters
Gold (GC-FT1,124.003.100.28%) edged lower in Europe on Thursday as concerns over the fiscal health of euro zone economies pressured the single currency versus the U.S. dollar, curbing interest in gold as an alternative to the U.S. unit.
Prices remained well off the lows they hit in the last session as some investors were tempted back into the market by the metal's recent price fall.
Spot gold was bid at $1,125.75 (U.S.) an ounce at 1031 GMT, against $1,128.80 late in New York on Wednesday. It dropped as low as $1,116.80 that day, its weakest since Nov. 13.
Full article
No comments:
Post a Comment