PRECIOUS METALS: Comex Gold Pauses On EU Downgrade Concern
–Comex February gold recently fell $6 to $1,641.70 a troy ounce
–Euro-zone downgrade worries weigh on euro, gold
–Futures had settled at a four-week high on Thursday
NEW YORK (Dow Jones)–Gold prices eased on Friday as cautious investors moved to the sidelines with potential euro-zone credit rating downgrades looming.
Gold futures Thursday had settled at their highest price since mid-December, buoyed by hopes that further easy-money policies in China and the European Union would increase demand for …
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