Gold flat on steady dollar, physical buying supports

16 December 2010  Reuters

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 Gold firmed in Europe on Thursday as the euro recovered some lost ground against the dollar ahead of an EU summit later in the day, at which leaders are trying to agree on further action to tackle the region's debt crisis.

Spot gold was bid at $1,383.30 an ounce at 1211 GMT, against $1,380.45 late in New York on Wednesday. U.S. gold futures for February delivery fell $2.40 to $1,383.80.

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