Gold edges below $1,200/oz ahead of Fed
On Tuesday, Gold prices eased below $1,200 an ounce in Europe as the dollar strengthened, but remained supported by uncertainty ahead of a monetary policy meeting of the U.S. Federal Reserve later in the day.
The press release is quoted as saying:
Spot gold was bid at $1,197.20 an ounce at 5:05 a.m. ET, against $1,200.00 late in New York on Monday. U.S. gold futures for December delivery fell $3.20 an ounce to $1,199.40.
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Tue, Aug 10, 2010
Post by Anne Bagchi, Gold Researcher