Gold edges down, US fiscal talks in focus

Dec 27 2012, 10:34 IST
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US gold for February slipped $2.40 to $1,658.30 an ounce.  (Reuters) US gold for February slipped $2.40 to $1,658.30 an ounce. (Reuters)
SummaryUS gold for February slipped $2.40 to $1,658.30 an ounce.

physical trading had slowed to a trickle in Tokyo, where gold bars were offered at zero premiums to the spot London prices.

"It's the end of the year, so the Japanese market is very quiet. There's still a strong selling interest. Gold doesn't fetch any premiums at this moment," said a dealer in Tokyo.

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