Cash gold
slipped 1 percent to its weakest in 10 months at $1,541.24 an ounce
after a steep decline in equities and a disappointing U.S.
private-sector job report prompted investors to cash in bullion to cover
losses.
Gold,
a traditional safe haven, also failed to capitalise on tensions in the
Korean Peninsula, where North Korea has moved what appears to be a
mid-range Musudan missile to its east coast, according to South Korea's
Yonhap news agency.
No comments:
Post a Comment