Gold steadied on Wednesday after rising nearly 2 percent the previous day when worries over debt problems in the eurozone bolstered the metal's appeal as a haven from risk and a currency alternative, but high price levels may prompt selling. Spot gold was at $1,210.70 per ounce as of 0515 GMT, little changed from late New York levels of $1,210.65 an ounce. US gold futures for August delivery were at $1,211.20 per ounce, compared to $1,213.50 an ounce on the COMEX.
They reached $1,218.80 on Tuesday, their highest since July 1.