Articles
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PRECIOUS-Gold steady as Spain auction, ECB meeting loom
China, India buying support gold’s strength
* Spot gold may fall to $1,600 - technicals
* Coming up: Spain bond auction(Adds comments, details; updates prices)
By Rujun Shen
SINGAPORE, Jan 12 (Reuters) - Gold prices edged higher
on Thursday on concerns about the euro zone debt crisis ahead of
Spain’s bond auction and an European Central Bank meeting, as
robust buying from China and India also supported sentiment.
Bullion built on gains from the previous two sessions, even
as the euro wallowed near a 16-month low hit on Wednesday, after
Fitch warned the European Central Bank to ramp up asset
purchases to avoid the euro’s demise.
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