Gold dips on firm dollar but haven buying supports

Gold eased on Friday as persistent weakness in the euro kept the metal under pressure, but remained in a narrow range as haven demand linked to fears over the outlook for debt-laden Greece underpinned prices.

Spot gold was bid at $1,123.15 an ounce at 1411 GMT, against $1,125.45 late in New York on Thursday. U.S. gold futures for April delivery on the COMEX division of the New York Mercantile Exchange eased $4.20 to $1,123.30 an ounce.

The metal has stuck to a tight $1,120-$1,126.50 range, awaiting further impetus, as a 0.5 percent drop in the euro-dollar was offset by signs of further jitters over Greece's fiscal health.

Read Full Article from Reuters

- Posted: 2010-03-19 09:53:16

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