Middle-east Arab News Opinion | Asharq Al-awsat

Gold Pulls Lower after Hitting Record High - ASHARQ AL-AWSAT English Archive
Select Page

LONDON (AFP) – The price of gold slipped on Thursday, one day after striking a record pinnacle above 1,248 dollars per ounce on safe-haven buying amid concerns over the eurozone debt crisis.

Gold stood at 1,234.63 dollars per ounce in morning deals on the London Bullion Market.

The precious metal had struck a record 1,248.82 dollars late on Wednesday as investors flocked to the commodity, which is regarded as a safe investment in times of economic uncertainty.

“After recent gains, Gold is having a quieter session this morning,” said Manoj Ladwa, senior trader at ETX Capital in London.

“Some investors are taking money off the table today, but by and large, it remains the asset of choice despite economic worries receding.”

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube