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.

Source: AllianceNews