28
October
Gold steady at $1,040
28 October 2009 Reuters
Gold prices steadied around $1,040 an ounce on Wednesday, staying above three-week lows hit the day before when the dollar strengthened against the euro.
The dollar held gains against a basket of currencies on Wednesday while the yen rose, as investors trimmed positions in higher-yielding currencies as stocks fell on weaker-than-expected U.S. consumer confidence figures.
The euro moved away from 14-month highs hit against the dollar on Monday as investors also pared euro long positions on the view that the pace of its recent rise had been too fast.
http://www.reuters.com/article/hotStocksNews/idUSTRE59Q5J420091028
