Gold slips below 4-month high

- April 28th, 2010

On Wednesday, Gold edged down after surging to its highest in 2010 the previous day, while ETF holdings struck a record as economic uncertainties triggered safe-haven buying.

On Wednesday, Gold edged down after surging to its highest in 2010 the previous day, while ETF holdings struck a record as economic uncertainties triggered safe-haven buying.

The press release is quoted as saying:

Spot gold XAU= was at $1,167.10 an ounce, by 0048 GMT, down 93 cents from New York’s notional close on Tuesday, when it rallied to $1,172.43, its strongest since December, after downgrades of sovereign credit ratings of Portugal and Greece sparked a flight to safety.

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