Gold holds $1,210 but rising equities cap gains

- 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.

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