Gold holds near $1,140/oz

- April 23rd, 2010

On Friday, Gold held near $1,140 an ounce, caught between contrasting pressures, as speculation Greece could default on its sovereign debt supported both the dollar and interest in the metal as a haven from financial risk.

On Friday, Gold held near $1,140 an ounce, caught between contrasting pressures, as speculation Greece could default on its sovereign debt supported both the dollar and interest in the metal as a haven from financial risk.

The press release is quoted as saying:

Spot gold was bid at $1,140.25 an ounce at 5:38 a.m. ET, against $1,140.45 late in New York on Thursday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange eased $1.70 to $1,141.30 an ounce.

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