The precious metal gold edged on a moderate note

[gnutrade.satya]

The precious metal gold edged on a moderate note as expectations for a rise in physical demand going into the fourth quarter supported prices, and as disquiet over the outlook for economic growth persisted.
Michael Lewis, head of commodities research at Deutsche Bank said: "Gold has done quite well given what has gone on in currencies (and) equities. We still like the bullish gold view. There is no interest rate support for the dollar, so the dollar will fall. Real rates will remain low. Equity markets, even when they go up, are still a bit skittish."
Gold prices for December delivery lost 20 cents to $1,251.30 an ounce.