CAPITAL MARKETS

Gold holds its own

GOLD has held on today as risk appetite underpins sentiment in the precious metal, fuelled by growing optimism a resolution for the eurozone debt crisis will be reached. Comex gold for December delivery on the New York Mercantile Exchange dropped marginally overnight to $US1678.20 and the spot price has since lost only a little more ground to $1676.30/oz at 4.36pm (AEDT).

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