Gold steadies in Asia

11 Oct, 2012

Gold steadied on Wednesday after three straight sessions of losses, although prices remained near a 1-1/2 week low as a murky outlook for global economic growth buoyed the dollar, putting pressure on bullion. Spot gold was trading nearly flat at $1,762.62 an ounce by 0655 GMT, just above a 1-1/2 week low of $1,759.94 hit in the prior session. It dropped 1.4 percent over the past three days - its sharpest three-day decline in more than two months. US gold was also little changed at $1,764.60.

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