Thursday 12 January 2012

Gold steady as Spain auction, ECB meeting loom | HALALTAMWEEL.COM

Gold steady as Spain auction, ECB meeting loom

1/12/2012 12:06:19 PM


SINGAPORE: Gold prices edged higher on Thursday on concerns about the euro zone debt crisis ahead of Spain's bond auction and an European Central Bank meeting, as robust buying from China and India also supported sentiment.


Bullion built on gains from the previous two sessions, even as the euro wallowed near a 16-month low hit on Wednesday, after Fitch warned the European Central Bank to ramp up asset purchases to avoid the euro's demise.


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