Gold took a breather on Friday, after setting record highs for two consecutive sessions, as dashed hopes for additional US stimulus measures took some heat off, although the eurozone debt crisis and uncertainties on US deficit talks continued to support sentiment.
Spot gold edged down 0.3 percent to $1,581.40 an ounce by 0604 GMT, after a nine-session winning run pushed the price to an all-time high of $1,594.16 on Thursday. Spot gold was on track for a weekly gain of 2.5 percent. US gold fell 0.4 percent to $1,582.50 an ounce.
Comments
Comments are closed.