Wednesday, February 10, 2010

Gold declines , Silver rose

Gold for immediate delivery fell as much as 0.2% to $1,075.53 an ounce after trading little changed earlier.

Gold for immediate delivery was little changed at $1,077.60 an ounce at 8:25 a.m. in Singapore. The metal fell to $1,044.85 an ounce on Feb. 5, its lowest since Nov. 2. The dollar declined yesterday amid speculation European officials will agree to assist Greece in tackling its fiscal deficit.

Silver rose 0.4%to $15.505 an ounce, platinum and palladium were little changed at $1,503.25 an ounce and $419.25 an ounce respectively.

The dollar  fell as much as 0.9%against a basket of six major currencies yesterday. EU leaders are scheduled to meet on Feb. 11 to discuss the economic outlook, a summit that may be overshadowed by Greece's budget difficulties.

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