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On Monday, Gold steadied as a rally to record highs ran out of steam, but the uptrend was expected to resume as concerns over Europe’s debt crisis continue to boost the metal’s safe haven appeal.
On Monday, Gold steadied as a rally to record highs ran out of steam, but the uptrend was expected to resume as concerns over Europe’s debt crisis continue to boost the metal’s safe haven appeal.
The press release is quoted as saying:
Spot gold traded at $1,230.25 at 1452 GMT (10:52 a.m. EDT) versus $1,230.05 late in New York on Friday, having earlier hit a day high of $1,242.10, just shy of Friday’s all time high of $1,248.95.
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