Gold slips as dollar firms; awaits news on Greece

Opposing forces of firm dollar, haven demand balance gold Submit your comment Gold edged lower in Europe on Friday as persistent weakness in the euro kept the precious metal under pressure, but traders were cheered by its resilience to a rising dollar in recent sessions. Spot gold was bid at $1 121.50 (R8 187) an ounce at 12:09 SA time, against $1 125.45 late in New York on Thursday. US gold futures for April delivery on the COMEX division of the New York Mercantile Exchange eased $5.50

Article source:- http://article.wn.com/view/2010/03/24/Gold_slips_06_as_dollar_firms/