http://www.reuters.com/article/2011/05/16/markets-precious-idUSLDE74F0FO20110516 LONDON, May 16 (Reuters) - Gold steadied on Monday, as the
twin forces of deepening concern about the euro zone debt crisis
and the growing strength of the dollar offset each other, while
investors kept silver pinned near last week's 2-1/2 month lows.
The euro slid to a seven-week low against the dollar after
IMF Chief Dominique Strauss-Kahn, a key voice in euro zone debt
talks, was charged with sexual assault, increasing uncertainty
on aid for Greece and other indebted euro zone countries.
The dollar index .DXY, a measure of the greenback's
strength against a basket of currencies, advanced to its highest
since early April.
Spot gold XAU= was little changed at $1,494.49 an ounce by
0838 GMT, after ending flat in the previous week. Prices had
fallen by about 5 percent from the lifetime high of $1,575.79
hit on May 2.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
