Gold eases as Italy talks ease buying interest

Gold tracked back from its highest in over a week yesterday after Italy indicated it was open to cutting its budget deficit and debt, soothing investors’ nerves and prompting a wider move back into riskier assets.

Spot gold inched 0.1 per cent lower to $1,201.01 (Dh4,411) per ounce at 1219 GMT, having hit its highest since September 21 at $1,208.32 earlier in the session. US gold futures eased 0.2 per cent to $1,204.80.

(Reuters)