Gold falls in Asia

13 Jun, 2012

Gold inched down on Tuesday after optimism about Spain's bank bailout quickly gave way to renewed worries about the euro zone debt crisis ahead of a string of key events later this month. Spot gold edged down 0.3 percent to $1,589.50 an ounce by 0651 GMT. US gold futures for August delivery lost 0.4 percent to $1,590.70. Asia's physical market activities were in slow motion, as prices have hovered around $1,600 so far this week, dealers said.

Read Comments