Japan and the Euro Press Markets, Gold Spot fell 0.1%

>gold spotSINGAPORE - gold Spot  prices edged lower on Tuesday, pressured by strong dollar after Japan intervened in the currency market in the previous session. While uncertainty over theplan of the euro zone debt market also weighed on sentiment. it make people don’t want to buy gold at spot price in short time.
gold Spot edged down 0.1 percent to USD1.711, 99 per ounce, after earlier reaching a monthly increase of 5.5 percent in October. Gold GCcv1 United States (U.S.) lost 0.7 percent to USD1.713, 90 per ounce. like quotedby Reuters on Tuesday (01/11/2011).
Gold spotfutures trading activity in the U.S., crude oil, and grain futures slowed in the previous session as a result of bankruptcy of MF Global Holdings Ltd which forced the chaos trade.The exchange rate of dollar against the yen retreated slightly from the peak three monthsas the impact of Japan’s massive intervention to curb yen strength. While the euro wasunder renewed pressure amid growing doubts over the plan of the European debt crisissolutions.

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