Gold eases but holds near $1,150 on debt concerns

On Tuesday, Gold softened a touch in Europe but held near $1,150 an ounce as investment demand on the back of concern over sovereign risk in the euro zone helped balance weakness in the euro and other commodities.

The press release is quoted as saying:

Spot gold was bid at $1,149.50 an ounce at 1211 GMT, against $1,153.38 late in New York on Monday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange eased $3.90 to $1,150.10 an ounce.

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