Gold steadies in Asia

18 Nov, 2011

Gold traded steady on Thursday after a 1 percent drop in the previous session, as markets remain jittery over the eurozone debt crisis while the bloc's political wrangling continues. Spot gold edged up 0.2 percent to $1,765.20 an ounce by 0713 GMT, off a one-week low of $1,753.39 hit on Wednesday.
US gold lost 0.4 percent to $1,766.60. Spot silver rose half a percent to $33.83 an ounce, down 32 percent from a record high of $49.51 hit in late April, but still up 9.6 percent so far this year.

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