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    gold investing

    Gold edges below $1,200/oz ahead of Fed

    Investing News Network
    Aug. 10, 2010 10:18AM PST
    Precious Metals Investing

    On Tuesday, Gold prices eased below $1,200 an ounce in Europe as the dollar strengthened, but remained supported by uncertainty ahead of a monetary policy meeting of the U.S. Federal Reserve later in the day.

    On Tuesday, Gold prices eased below $1,200 an ounce in Europe as the dollar strengthened, but remained supported by uncertainty ahead of a monetary policy meeting of the U.S. Federal Reserve later in the day.

    The press release is quoted as saying:

    Spot gold was bid at $1,197.20 an ounce at 5:05 a.m. ET, against $1,200.00 late in New York on Monday. U.S. gold futures for December delivery fell $3.20 an ounce to $1,199.40.

    Click here to access the entire press release

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