Gold steady as chart support offsets firm dollar

- April 15th, 2010

On Thursday, Gold was steady in Europe, pressured by dollar strength as a widening of Greek-German yield spreads dented the euro, while strong chart-based support helping keep prices above $1,150 an ounce.

On Thursday, Gold was steady in Europe, pressured by dollar strength as a widening of Greek-German yield spreads dented the euro, while strong chart-based support helping keep prices above $1,150 an ounce.

The press release is quoted as saying:

Spot gold was bid at $1,152.65 an ounce at 1200 GMT, against $1,153.90 late in New York on Wednesday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange fell $5.90 to $1,153.70 an ounce.

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