Gold steadies in Asia

15 Jun, 2012

Gold prices were steady on Thursday after posting a fourth straight session of gains the previous day, when weak US data fuelled expectations for monetary stimulus, with investors nervous before a make-or-break Greek election. Spot gold was little changed at $1,618.10 an ounce by 0656 GMT, after rising nearly 2 percent over the past four sessions, its longest winning streak since late April.
In Hong Kong, premiums stood in a range of $1 to $1.40 an ounce, down from $1.10 to $1.60 last week, dealers said.

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