LONDON, April 21: Gold prices eased in Europe on Thursday, but the market stayed near to one-month highs with sentiment closely tied to currencies as the dollar tried to regain some poise against the euro, dealers said. Spot gold was at $433.20/434.00 per troy ounce from $434.70/435.50 late in New York on Wednesday. Gold hit $435.40 on Wednesday, its highest since mid-March.
East said the market could move up towards $438 before drifting back again, with $428 seen as a support target.
“$432 should provide a good support for hedgers of inflation and growth concerns,” he added.
Silver also held steady after hitting a one-month high on Wednesday in line with gold at $7.32. Spot metal stood at $7.30/7.32 from $7.30/7.33 an ounce.
Platinum eased a touch $871.00/875.00 from New York’s previous $873.00/876.00 on Wednesday.
Palladium was at $201.00/ 205.00 from $203.00/205.00.
