Gold Price Slides Back Near 6-year Low
San Francisco (Dec 7) Gold prices edged lower in quiet dealing Monday, as traders continued to assess last week's central bank news.
European Central Bank president Mario Draghi unveiled a boost in stimulus package that fell short of expectations, while the Federal Reserve moved closer to a US rate hike with hawkish comments from Fed Chair Janet Yellen .
Feb. gold settled at USD1,075.20 /oz, down USD8.90 , or 0.8%. Gold dropped to a nearly 6-year low earlier this month but has steadied ahead of the holidays when physical demand for gold is higher.