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Finotec |
Futures Fundamental | Dec 30, 2008 12:00AM GMT |
Gold trading at $870 as of 9:20am, GMT
Gold declined as crude oil dropped, reducing the precious metal’s appeal as a hedge against inflation. “The Israel-Hamas tension continued lending support to gold,” Shuji Sugata, research manager at Mitsubishi Corp. Futures & Securities Ltd. in Tokyo, said today by phone. “But we may see some technical selling and year-end book squaring after the recent gain.” Gold trading at $870 as of 9:20am, GMT.
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