Global Gold prices end slightly lower


01/08/2012 09:43 AST  Commodityonline

The global gold prices ended slightly lower on Tuesday due to general weakness in the raw commodity sector.

Some chart consolidation was also seen following recent price gains that took gold prices to a fresh six-week high late last week.

The market place is also subdued ahead of some key central bank meetings this week, and the U.S. jobs report on Friday.

The December gold contract on the Comex division of the New York Mercantile Exchange settled at $1,617.00 an ounce, down $7.00 on Tuesday. Spot gold was last quoted down $8.10 an ounce at $1,614.80 per ounce.

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