Gold gains on firm euro but jewelers retreat
On Tuesday, Gold gained in a thin market driven by a firm euro and a technical rebound as prices briefly hit the 100-day moving average, while jewelry makers stayed on the sidelines after recent purchases.
The press release is quoted as saying:
Spot gold added $1.05 to $1,184.80 an ounce by 11:36 a.m. ET as dealers shrugged off a slight decline in ETF holdings. Gold had fallen nearly $8 on Monday after strong U.S. home sales data dented its safe haven appeal.
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euro, Firm, gains, Gold, jewelers, Retreat
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