Gold Holds Steady

Reuters reported that gold held steady on Monday, kept in check by concerns over global growth and by widespread losses in other financial markets.

As quoted in the market report:

But the metal struggled for traction on Monday as global stock and commodity prices fell, with a recent run of downbeat corporate earnings casting a shadow over the growth outlook and investors bracing for the impact of a giant U.S. hurricane.

To view the whole Reuters report, click here.