Monday, June 25, 2007

Gold steady, higher yen hurts TOCOM

(Reuters) - Gold was steady on Tuesday as resilience of the dollar versus the euro reduced investor appetite for the metal, while a rise in the yen dragged down yen-based gold futures in Tokyo.

Spot gold was at $651.20/651.80 an ounce as of 0250 GMT, compared with $650.80/651.40 late in New York on Monday, when it dropped nearly $3 amid a lack of physical buying ahead of a series of economic data.


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