26
November
Gold flat but Europe debt worries, Koreas support
26 November 2010 Reuters
Gold barely budged on Thursday, with trade subdued by the U.S. Thanksgiving holiday as safe-haven buying amid Europe's debt crisis and heightened tensions between North and South Korea supported recent gains.
The dollar, which traditionally has an inverse relationship with bullion, initially strengthened against the euro on renewed optimism about U.S. growth and persistent fears that Ireland's debt crisis might spill over into Spain and Portugal, but later slipped lower amid a pick-up in corporate demand.
