Gold holds $1,210 but rising equities cap gains
Investing News Network - July 14th, 2010
On Wednesday, Gold held near $1,210 an ounce in Europe, consolidating after rising 1 percent in the previous session on the back of resurgent fears over euro zone debt levels, but a recovery in other assets capped gains.
On Wednesday, Gold held near $1,210 an ounce in Europe, consolidating after rising 1 percent in the previous session on the back of resurgent fears over euro zone debt levels, but a recovery in other assets capped gains.
The press release is quoted as saying:
Spot gold was bid at $1,211.65 an ounce at 0948 GMT (5:48 a.m. EDT), against $1,210.65 late in New York on Tuesday. U.S. gold futures for August delivery ease $1.10 an ounce to $1,212.40.