Bullion firmed in early Europe moving to.......>

GOLD: Bullion firmed in early Europe moving to intra-day highs of $1251.61

before drifting lower. However, as the US session opened news that a

bomb had been detonated in NYC sent US Tsys yields lower and pushed the yellow

metal near the day's highs.

- Gold pared back the gains made earlier falling from a height of $1251.61 to

day's lows as markets eventually shrugged off the news of the NYC explosion.

- The precious metal remained weak for much of NY as it fell to fresh intra-day

lows of $1243.40 as the dollar regained some of its losses during the day.

- Looking at gold from a technical perspective the next area of support for the

bullion is visible at $1240.94 (76.4% fib 1204.90-1357.61).