Gold in modest retreat after gains on Greek woes

On Monday, Gold was slightly weaker after rising to a fresh 2010 high last week as the latest move by China to tighten money supply triggered demand worries and a bailout package for debt-laden Greece eased safe haven concerns.

The press release is quoted as saying:

Spot gold XAU= was quoted at $1,176.70 an ounce at 0418 GMT after hitting a high of $1,181.05 an ounce on Friday before recoiling to a nominal close of $1,178.55 an ounce.

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