8
February
Gold steadies near $1065; gains capped
8 February 2010 Reuters
Gold prices firmed on Monday in a technical bounce after falling to a three-month low late last week, when investors sold commodities on worries about fiscal stability in Greece and the broader euro zone.
Given the euro's bearish outlook despite the Group of Seven's reassurance on Greece at a weekend meeting in Canada, lower risk tolerance by investors is expected to support the dollar and weigh on gains for the precious metal, traders said.
