Gold steady after record high; more upside seen

On Wednesday, spot gold was steady after surging to a record in the previous session, and more upside is likely as investors remain nervous about the global economic recovery.

The press release is quoted as saying:

Spot gold was little changed at $1,270 an ounce by 0800 GMT, after having surged more than 2 percent to a record $1,274.75 an ounce in the previous session, its biggest one-day gain in four months.

Click here to access the entire press release