London Gold Fixes At Fresh Low, $380 Holds

Gold was fixed at $380.30 per ounce after $380.45 on Thursday, to set a fresh low since September 6 last year.

'There was been no sign of real buying so far today (Friday) at $380.00. In fact, if anything gold is looking a little top heavy, one dealer said.

Others claimed that Middle East origin buying had come into the market already to prop prices around fixing level.

'There was a little of that Thursday, another dealer said, adding that some silver had also been bought.

Golds price fall began on Thursday after investment funds disillusioned by the market