Gold retreats as dollar firms, investment wanes

- July 12th, 2010

On Monday, Gold slipped in Europe, surrendering some of the previous session’s more than 1 percent gains, as the dollar firmed and investment flows into the metal dried up as concerns over euro zone risk receded.

On Monday, Gold slipped in Europe, surrendering some of the previous session’s more than 1 percent gains, as the dollar firmed and investment flows into the metal dried up as concerns over euro zone risk receded.

The press release is quoted as saying:

Spot gold was bid at $1,205.35 an ounce at 1132 GMT, against $1,211.85 late in New York on Friday. U.S. gold futures for August delivery eased $3.70 an ounce to $1,206.10.

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