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

- August 10th, 2010

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.

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