PRECIOUS METALS: Gold Falls After Greek Elections; Downside Limited


19/06/2012 00:17 AST  The Wall Street Journal
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Gold prices fell in early Asian trading Monday, as investors took profits from Friday's safe-haven buying after news that the pro-bailout New Democracy party won Greek elections Sunday, soothing immediate investor concerns over the country's future in the euro zone.

Spot gold was trading at $1,622.10 a troy ounce at 0255 GMT, down 0.3% from its previous settlement but off an earlier low of $1,607.15/oz.

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