ET: Gold slips from 6-week high as US dollar edges up
SINGAPORE: Gold fell on Tuesday as the dollar gained against the euro and as investors booked profits after pushing up bullion to its strongest in almost six weeks on turmoil in financial markets.
By 0035 GMT, gold traded at $813.20 an ounce, down $6.35 an ounce from New York's notional close on Monday, when it hit a high of $829.20 after the US rescue of Citigroup reinforced financial uncertainty, some traders said.
The euro eased to $1.2903, having risen in New York as risk aversion eased after the US government agreed to inject $20 billion of new capital to Citigroup.
Japan's Nikkei average jumped 4.8% on Tuesday after Wall Street soared the previous day. Platinum traded at $863.00 an ounce, up $7.00 from New York's notional close. New York gold futures fell $5.0 an ounce to $814.5.
US crude futures were steady on Tuesday. Oil prices jumped by more than 9% the previous session, as expectations of a further OPEC production cut, a stock market rally and a weaker dollar pushed up prices.
