Gold eases from $1,200 as equities climb on US economic data

Singapore (Nov 26)  Gold struggled to build on overnight gains on Wednesday as equities rose on optimism over the US economy, while traders nervously awaited cues from the dollar and a Swiss referendum on central bank gold reserves.

 The gold market has been in a tight range this week, lacking direction ahead of the US Thanksgiving holiday on Thursday and the Swiss referendum on Sunday.

 Source: IndiaTimes