Gold holds above $1,180/oz, physical demand supports

On Monday, Gold held above $1,180 an ounce in Europe, supported by firmer physical demand from Asia and a weaker dollar, but a dearth of haven buying as confidence in the financial markets improved kept a lid on gains.

The press release is quoted as saying:

Spot gold was bid at $1,180.75 an ounce at 0903 GMT, against $1,181.50 late in New York on Friday. U.S. gold futures for August delivery eased 90 cents to $1,183.00.

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