4
January
Gold steady after U.S. data; physical buying to support
4 January 2011 Reuters
Gold eased a touch in Europe on Tuesday in the first trading day of 2011 in the London financial markets, coming under pressure from dollar strength, but a raft of market fears continued to support the metal.
Expectations that the euro zone debt crisis could worsen, concerns over the potential for inflation in developing economies and an increased focus on the U.S. deficit are set to maintain investment demand for gold, analysts said.
