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Print Print edition: 2011-08-12

Gold eases in Asia

Published Updated

Gold eased on Thursday from record highs hit earlier in the session, after the CME Group raised margins on COMEX gold futures, while turmoil in the global financial markets and fears of slower growth will buoy sentiment. Spot gold hit an all-time high of $1,813.79, and US gold rose to a record high of $1,817.6 early in the day.
Spot gold eased to $1,801.14 an ounce by 0124 GMT, still up 0.4 percent from the previous close and headed for a fifth session of consecutive gains. US gold was trading up 1.1 percent at $1,804.00.

Copyright Reuters, 2011

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