Gold Gold ...is it steady?

Apr 16, 2009
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Delhi
#1
Gold maintained steadiness yesterday but investors were very picky in their investment strategy ahead of the G20 meeting in London on Friday. Volatility in the financial markets also kept investors away from investing more.

Kaname Gokon, deputy general manager in research section at Okato Shoji Co's said: "After the agressive buying on the COMEX yesterday, most speculative positions have turned to neutral. I would call it the last technical-led rally at the end of the summer."