Gold edges below $1,200/oz ahead of Fed
Investing News Network - 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.