Gold eases from record gains on strong dollar
Thursday, 9 December 2010
SINGAPORE, Dec 8 (Commodity Online): Gold prices eased from record gains mainly on a strong dollar while profit taking by some investors also hit the precious yellow metal.
Spot gold was seen trading at $1391.95 an ounce at 1.30 pm Singapore time while US gold futures for February fell more than 1 per cent to below $1389.91 an ounce.
Meanwhile, silver recovered from earlier losses after holdings in the world's largest silver-backed exchange-traded fund hit another record.
Spot gold was seen trading at $1391.95 an ounce at 1.30 pm Singapore time while US gold futures for February fell more than 1 per cent to below $1389.91 an ounce.
Meanwhile, silver recovered from earlier losses after holdings in the world's largest silver-backed exchange-traded fund hit another record.