WSJ:PRECIOUS METALS: Gold Steady In Asia On Demand, Sentiment
WELLINGTON (Dow Jones)--Spot gold prices were steady Tuesday, underpinned by moderate physical demand in Asia and improving sentiment, after France and Germany pledged to resolve Europe's sovereign debt and banking sector problems.
Traders said though the yellow metal was facing some resistance, it could move higher and retest $1,700 a troy ounce in the next few days following a phase of consolidation last week.
At 0525 GMT, spot gold was at $1,679.70/oz, $3.80 higher ...
