25
May
Gold eases after rally as U.S. dollar gains
25 May 2010 Reuters
Gold was slightly weaker in Asia on Tuesday after an overnight rally sparked by fresh economic worries in Europe and a negative session on Wall Street snapped five straight days of losses in bullion markets.
Further across-the-board strengthening of the U.S. dollar against major currencies was prompting investors to sell into the rally, with the next technical support point marked at $1,175 an ounce, according to Reuters technical analysis.
http://www.reuters.com/article/goldMktRpt/idUSSGE64O00620100525
