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Gold Barely Moves as Dollar Weakens, Stocks Rallies

Gold Barely Moves as Dollar Weakens, Stocks Rallies

Write: Dara [2011-09-30]

Gold futures on the COMEX Division of the New York Mercantile Exchange hardly changed on Thursday, supported by European debt crisis woes and weaker greenback, but steady upward progress seen in the stocks has attracted some investors to cash out of the precious metal.

The most active gold contract for December delivery trimmed 0.8 dollars, or 0.05 percent, to 1,617.3 dollars per ounce.