24
August
Gold steady above $950/oz, ETF up 0.92 tonnes
24 August 2009 Reuters
Gold was steady above $950 an ounce on Monday, pausing after touching a one-week high near $960 the previous session, as light buying was encouraged by extended gains in oil and equities markets.
But there was no strong follow-through buying as investors mostly sat on the sidelines before U.S. data on housing and consumer sentiment later this week.
Short-term money inflows into commodities, including gold, and other risky assets helped prop up the precious metal on Friday after a strong U.S. housing sales report and upbeat comments from Federal Reserve Chairman Ben Bernanke.
http://in.reuters.com/article/domesticNews/idINT36151620090824
