Gold steady, euro zone anxiety supports

11 January 2011  Reuters

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Gold inched up on Tuesday on persistent worries about indebted euro zone countries, while purchases from investors and jewellers pushed up premiums for gold bars to their highest in two years. Bullion's drop to its lowest in more than a month last week also helped lift premiums for gold bars, with demand picking up ahead of the Lunar New Year celebration in February. Gold bars were offered at a premium of $3 to the spot London prices in Hong Kong, matching a similar level seen in late 2008.

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