LONDON: Gold and platinum prices steadied in Europe on Tuesday as weakness in US stock markets curbed gains made by the dollar after China tightened monetary policy, a move seen as a precursor to higher interest rates.
Spot gold recovered from a session low of $1,144.00 an ounce to $1,152.60 an ounce at 1546 GMT versus $1,151.10 late in New York trade on Monday.
Platinum was at $1,594.50 an ounce against $1,591.50, off a low of $1,571 it hit after the China news. Earlier it reached $1,624, its highest since August 2008, while palladium hit an 18-month high of $439. It was later at $434 against $431. Silver was at $18.56 an ounce against $18.55. reuters
