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Commodity Commentary
Jul 15 2008 10:23AM
Gold dips
Gold slipped in Europe on Monday as a firmed dollar sparked profit taking and as fears over US financial stability eased, reducing the precious metal's appeal as a safe heaven.

Gold slipped to $959.50-960.50 per ounce from $963/965 late in New York on Friday, when it jumped as high as $967.60. Spot platinum slid to $2005.50/2025.50 per ounce from $2023/2043 late in New York. Spot palladium rose to $447/451 per ounce from $448.50/456.50 per ounce. Silver was little changed at $18.75/18.81 per ounce from $18.76/18.84 late in New York.

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