Gold dips as risk appetite improves

- June 10th, 2010

On Thursday, Gold eased toward $1,220 an ounce in Europe as positive comments from the head of China’s national pension fund lifted the euro, reducing bullion’s appeal as a haven from weakness in the currency.

On Thursday, Gold eased toward $1,220 an ounce in Europe as positive comments from the head of China’s national pension fund lifted the euro, reducing bullion’s appeal as a haven from weakness in the currency.

The press release is quoted as saying:

Spot gold was bid at $1,220.60 an ounce at 0935 GMT, against $1,230.35 late in New York on Wednesday. U.S. gold futures for August delivery fell $8.50 to $1,221.40.

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