ECM: Gold around two-week high as shares drop on Japan recession
LONDON: Gold held near a two-week high on Monday as global shares fell after data showed Japan had slipped into recession, raising concerns about global growth, but strength in the dollar kept the metal's gains in check.
Spot gold was down 0.1 percent at $1,188.00 an ounce by 1049 GMT after peaking at $1,193.95, the highest since Oct. 31. The metal jumped 2.3 percent on Friday, moving above the key technical level of $1,180.
