Thursday, May 17, 2007

Gold steadies in quiet trade, vulnerable

(Reuters) - Gold steadied on Thursday after falling to a six-week low in the previous session on fund liquidation, and analysts said the metal could slip further.

Spot gold was traded at $661.50/662.05 an ounce by 1102 GMT, against $661.60/663.10 late in New York on Wednesday, when it fell as low as $659.40.


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