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Print Print edition: 2011-01-28

Gold falls in Asia

Published Updated

Spot gold prices edged lower on Thursday, as prospects of slower physical demand weigh on market sentiment, but cautious economic views on the economy offered by the US Federal Reserve lent support. Physical demand in the region is likely to weaken after the Lunar New Year, which falls on February 3 this year. Spot gold edged down 0.1 percent at $1,344.95 an ounce by 0715 GMT. US gold futures rose nearly one percent at $1,344.5 an ounce.

Copyright Reuters, 2011

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