By FX Empire.com
Gold prices slightly fell on Tuesday, as rising equity markets spurred demand for higher yielding assets, which weighed down on gold prices. Nonetheless, the losses were limited as traders were still concerned from the European debt crisis, as markets turned their focus to Italy, where traders fear that Italy could be the next victim of the EU debt crisis.
Traders will continue to monitor the developments from Europe regarding the debt crisis, especially amid the lack of major economic data from the United States, but overall, we expect gold prices to extend their rally over the coming period on rising fears from the EU debt crisis.
Originally posted here
