Gold steady above $1060

Feb. 09, 2010 09:55AM PST

On Tuesday, Gold prices steadied above $1,060, but worries over fiscal stability in Europe are severely affecting the market, curbing appetite for riskier assets such as commodities.
The press release is quoted as saying:
The market’s recovery from three-month lows hit last week has been limited due to technical selling and fund liquidation amid an uncertain economic […]

On Tuesday, Gold prices steadied above $1,060, but worries over fiscal stability in Europe are severely affecting the market, curbing appetite for riskier assets such as commodities.

The press release is quoted as saying:

The market’s recovery from three-month lows hit last week has been limited due to technical selling and fund liquidation amid an uncertain economic outlook. Concerns about the fiscal stability of Greece, Portugal and Spain have rattled global markets over the last two weeks. Spot gold was at $1,063.50 per ounce as of 0138 GMT, up 0.1 percent from New York’s notional close of $1,062.80.

Click here to access the entire press release

europe gold investing