SINGAPORE (Commodity Online) : Gold prices remained steady in Asian trade Monday, withstood the storms over fraud charges on Goldman Sachs which hit other commodities including oil.
Gold for immediate delivery was seen trading at $1,136.15 per ounce at 11:30 Singapore time compared with New York's notional close of $1,136.45.
U.S. gold futures for June delivery were almost flat at $1,136.60 per ounce compared with Friday's $1,136.90 on the COMEX division of the New York Mercantile Exchange.
Gold was underpinned by investor demand as an asset to hedge against currency volatility.
A quick retreat by more than $30 from last week's high near $1,170 was also providing a chance to lock in profits for traders who had sold the precious metal near the four-month high, analysts said.
On Friday, Gold for June delivery fell $23.40 to settle at $1,136.90 per fine ounce on the Comex division of the New York Mercantile Exchange.
May silver dropped 75.8 cents to settle at $17.675 per fine ounce.May copper settled down 8.6 cents at $3.5145 per pound.
The gold holdings of SPDR Gold were unchanged as of close on Friday at 1,141.041 metric tons, the same as the previous day.
The holdings of the world's largest silver-backed exchange-traded fund, the iShares Silver Trust, fell 0.5 percent on Friday to 8,912.94 metric tons.
