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Gold prices eased off Monday’s record highs in afternoon trade in Europe, as investors took profits, but analysts reported persistent concern over sovereign risk would make any declines short-lived.
Gold prices eased off Monday’s record highs in afternoon trade in Europe, as investors took profits, but analysts reported persistent concern over sovereign risk would make any declines short-lived.
The press release is quoted as saying:
Spot gold was bid at $1,252.15 an ounce at 1425 GMT, against $1,255.35 late in New York on Friday. U.S. gold futures for August delivery eased $4.50 to $1,254.00.