Monday, 8 October 2012

Gold inches up after two-day slide; firm dollar weighs


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Gold inches up after two-day slide; firm dollar weighs

Gold inched up on Tuesday, after two straight days of losses, but a strong dollar as a result of worries over the euro zone debt crisis is expected to keep bullion under pressure.
Holdings of gold-backed exchange-traded funds hit a record high on Monday, suggesting that investor interest in bullion remained strong.

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