Gold for February was little changed at $637.30 an ounce at 2:56 p.m. Singapore time on the Comex division of the New York Mercantile Exchange.
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Gold Eased On Deflated Buyer Interest
Gold fell in Asia as a steadier dollar deflated buying interest from investors who had turned to the precious metal
Gold fell in Asia as a steadier dollar deflated buying interest from investors who had turned to the precious metal as a haven when the U.S. currency slid to a 21-month low against the euro at the start of this week.
The dollar may be supported by speculation U.S. employers increased hiring last month, suggesting the Federal Reserve can hold off from lowering interest rates. Gold had gained 0.5 percent yesterday as investors braced for a weakening dollar again as the European Central Bank raised its benchmark rate.
Gold for immediate delivery fell as much as $2.46, or 0.4 percent, to $631.38 an ounce, and traded at $633.35 at 2:55 p.m. Singapore time. It settled at $633.84 late yesterday in New York.
Gold for February was little changed at $637.30 an ounce at 2:56 p.m. Singapore time on the Comex division of the New York Mercantile Exchange.
Gold for February was little changed at $637.30 an ounce at 2:56 p.m. Singapore time on the Comex division of the New York Mercantile Exchange.
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