ET: Gold edges up from 2-week low, eyes on Goldman
LONDON: Gold firmed on Tuesday, bouncing from a two-week low hit in the previous session but investors remained cautious, eyeing the latest on fraud charges against Goldman Sachs, a major player in commodity markets.
Gold's gains were also capped due to the currency market moves, where the dollar index was slightly higher and traders monitored Greece's debt problems, which continued to keep the euro under pressure.
Bullion tumbled 2 percent on Friday when U.S. regulators brought fraud charges against Goldman Sachs Group Inc, with investors fretting about prospects of tighter financial regulations in metals and commodities.
"The Goldman story seems to have spooked many investors," a Europe-based trader said. "Physical demand is not very strong nowadays and we can't get much joy out of currency markets." "Gold could struggle to add gains."
