Gold gives up early gains, econ worries support

- September 8th, 2010

On Tuesday, Gold edged down as early buying subsided and the euro slipped against the U.S. dollar, but volatile stock markets could encourage some investors to shift to bullion.

On Tuesday, Gold edged down as early buying subsided and the euro slipped against the U.S. dollar, but volatile stock markets could encourage some investors to shift to bullion.

The press release is quoted as saying:

Spot gold XAU= eased 20 cents to $1,249.35 an ounce by 0525 GMT, having hit an intraday high of $1,251 on light physical buying. U.S. gold futures for December delivery GCZ0 were unchanged at $1,251.1 an ounce.

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