Gold slips ahead of G20 meeting but ETF strikes record

- June 25th, 2010

On Friday, Gold dropped as early buying linked to crumbling stock markets subsided, but a rise in ETF holdings to a record high indicated persistent worries over the global economy.

On Friday, Gold dropped as early buying linked to crumbling stock markets subsided, but a rise in ETF holdings to a record high indicated persistent worries over the global economy.

The press release is quoted as saying:

Spot gold fell 70 cents to $1,243.35 by 0549 GMT, having hit an intraday high of $1,245.85, heading for a weekly loss of nearly 2 percent from a record $1264.90 hit on Monday.

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