Gold little changed, gains capped by firmer dollar

Gold prices were little changed on Monday with gains capped by the dollar's firmness and a technically bearish picture in the short term in light trading ahead of the Christmas holidays.

Spot gold was almost flat at $1,112.05 an ounce as of 12:56 a.m. EST compared to New York's notional close of $1,112.25.

Last week gold fell below a psychological support of $1,100 to a six-week low $1,094.50 before gaining some ground.

It had risen as high as $1,118.70, still about 9 percent below the record above $1,220 marked on December 3.

Read Full Article from Reuters

- Posted: 2009-12-21 04:02:26

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