19
May
Gold flat but euro, currency volatility support
19 May 2010 Reuters
Gold prices ended unchanged on Tuesday, supported by safe-haven buying due to volatility in the euro market.
After trading mostly lower in early activity due to hopes that a European rescue to resolve the region's debt crisis would work, gold rebounded as the euro tumbled to a four-year low at under $1.22 per ounce.
Platinum and silver, which have a strong industrial demand component, rebounded after the previous session's sharp declines. Worries that austerity steps in the euro zone could hamper growth, however, pressured prices, analysts said.
