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Asian Equity Softness Pushes Gold Lower

Posted:02/12/2008 11:40 by Oliver Scott
Bullion slipped lower in early European trade to record $763.05 lows. Broad weakness in Asian equities was the catalyst for early safe haven trades in Europe, which benefited the dollar and weighed on gold. Equities turned higher and the market pared safe haven trades, which allowed gold to move back up to $771.40 before it consolidated in a tight range close to $770.00 ahead of the N.Y. open. click here to return to the top of the page
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