Gold steadies in Asia

30 Nov, 2011

Spot gold held steady above $1,700 per ounce on Tuesday, as investors watch a meeting of eurozone finance ministers later in the day in hopes that European policymakers will take decisive steps to tackle the region's debt crisis. Spot gold traded flat at $1,712 an ounce by 0720 GMT, after staging its biggest one-day rally in three weeks on Monday with a climb of nearly 2 percent. US gold edged up 0.1 percent to $1,712.70.

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