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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold edges down on firm dollar

Posted on 07 January 2009

From Reuters: Gold edged down on Wednesday as the dollar’s gains against the euro reduced the metal’s appeal as an alternative asset.

As of 0022 GMT, spot gold fell 0.5 percent to $859.00 an ounce from New York’s notional close of $863.35. Still, gold is off a two-week low of $838.55 marked in New York on Tuesday, when the dollar extended its rally to a one-month high against the euro….. Full Article: Source


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