Gold steady on Mideast, Japan woes; Fed comments weigh

28 March 2011  Reuters

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Gold prices inched lower on Monday, weighed down by a firmer dollar, but violent unrest in the Middle East as well as an unfolding nuclear crisis in Japan lent support.

The dollar index .DXY firmed slightly, aided by hawkish comments from some Federal Reserve officials, while the euro continued its decline on news that German Chancellor Angela Merkel's conservatives had lost a key state election.

http://www.reuters.com/article/2011/03/28/us-markets-precious-idUSTRE72C3Z120110328