FXstreet.com (Sydney) - The price of gold remained largely unchanged during quiet trade and has risen slightly to USD 1095.00. However, trade remained low given Chinese New Year and a bank holiday in the US.
The price of gold may be affected however, by trade in Europe and the US. Markets in China resume trade next week. Gold in currently on recovery mode after hitting three-month lows of USD 1043.75 earlier this month due to fears on European sovereign debt.
