Gold steadies in Asia

17 Nov, 2010

Gold was steady on Tuesday as investors continued to watch the progress of the eurozone debt crisis, with a margin hike at CME weighing on sentiment. Eurozone finance ministers will try to find a way to end Ireland's debt crisis on Tuesday, with Dublin resisting pressure to seek a state bailout by signalling that only its banks may need help.
Spot gold was little changed at $1,360.40 an ounce by 0646 GMT, after falling to $1,354.99 in the previous session, its lowest in nearly two weeks. US gold futures fell 0.6 percent to $1,360.2 an ounce.

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