Spot gold was steady on Tuesday, aided by physical buying, while investors continued to watch the progress in tackling the eurozone's debt problems and tension on the Korean peninsula for trading cues. Spot gold edged up 0.1 percent at $1,369.45 an ounce by 0719 GMT, moving in a tight range of about $6.
Gold was on course for a fourth consecutive month of gains, matching a similar winning run from November 2008. US gold futures inched up 0.2 percent to $1,368.7. Spot gold is biased to fall even through it remains technically neutral as it is rangebound between $1,350 and $1,375, said Wang Tao, a Reuters market analyst. Spot silver gained 0.4 percent to $27.24 an ounce, heading for a 10-percent monthly gain, also a fourth straight month of gains.
Comments
Comments are closed.