PRECIOUS METALS: Gold Down In Asia; Egypt Effect Fades


31/01/2011 00:00 AST  The Wall Street Journal

Gold was down in Asia Monday on some mild profit-taking after Friday's 1.8% gain.

The political turmoil in Egypt that prompted Friday's safe-haven demand and short covering didn't have the same impact in Asia, despite weak regional equity markets.

Follow-through buying never materialized, with oil only modestly extending gains, as the ...

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