Gold Hold Above $1,200 as Inflation Weighed With China Stimulus

PT. Equityworld Futures - Gold held above $1,200 an ounce amid concern that U.S. inflation may boost the case for higher rates, countering expectations of a rise in demand as Greek debt talks remain deadlocked and China steps up stimulus.
Bullion for immediate delivery was at $1,205.30 an ounce at 2:24 p.m. in Singapore from $1,204.22 on Friday, when it completed a 0.3 percent weekly decline, according to Bloomberg generic pricing. Gold in Shanghai extended a weekly advance.
Sumber : ewfpro.com