Gold steady as oil, dollar stabilise; Bernanke eyed

22 July 2009  The Financial Times

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Gold steadied in Europe on Tuesday, consolidating after the previous session's gains, as the dollar arrested its slide versus the euro and oil prices stabilised.

Spot gold was bid at $948.10 an ounce at 0910 GMT, against $948.35 an ounce late in New York on Monday. U.S. gold futures for August delivery on the COMEX division of the New York Mercantile Exchange eased 50 cents to $948.30 an ounce.

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